The airline tells investors it tends to do well in tougher economic times as it pays a price for post pandemic struggles which took the gloss off a strong summer performance.
EasyJet pointed to continued momentum ahead with a strong Christmas expected - in line with volumes it would expect to see for the festive season.
For the six months from April 2023, the period when the airline tends to make the bulk of its profit, easyJet said early bookings also looked positive.It said it was planning to fly 9% more seats for the spring, summer period despite pressure on household budgets from theThe company's chief executive, Johan Lundgren, told investors:"easyJet does well in tough times. Legacy carriers will struggle in this high-cost environment.
"Consumers will protect their holidays but look for value and across its primary airport network, easyJet will be the beneficiary as customers vote with their wallets.Johan Lundren, easyJet's boss, says the airline tends to do outperform when economic times are tough "Over the next year, we are targeting customer growth and are well placed to drive returns and margins while maintaining a rigorous focus on cost."That likely reflect the company's decision not to recommend a dividend.
EasyJet said it would reassess the potential for shareholder returns when the financial performance of the group allows.
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