RE: H1 2026 Results Look .... Resilient21 May 2026 07:56
EasyJet plc reported a headline loss before tax of £552 million for the six months ending 31 March 2026, an increase from the £394 million loss in the prior year, impacted by £25 million in additional fuel costs and £32 million in increased legal provisions, alongside a 6% rise in passenger numbers to 42 million and a 2 percentage point improvement in load factor to 90%. The company's balance sheet remains strong with £4.7 billion in liquidity and £434 million in net cash, while easyJet holidays saw a 22% customer growth and contributed £61 million in headline profit before tax. The airline anticipates continued near-term uncertainty due to the Middle East conflict, affecting forward bookings and fuel costs, but plans to operate its full summer schedule and is focused on medium-term targets through disciplined growth and fleet modernization.