Brexit fears fail to dent EasyJet bookings

Brexit fears fail to dent EasyJet bookings

easyJet planesImage copyright
PA

Fears of Brexit disruption have failed to deter passengers from booking flights next summer with EasyJet.

Bookings were “promising” and slightly ahead of summer this year, with half its seats sold for the first half of 2019, the airline said.

Pre-tax profits soared 41% to £578m for the year to 30 September.

Chief executive Johan Lundgren said the airline had been preparing for Brexit for the past two years by considering “every possible scenario”.

He was adamant that flights would continue operating in April even if there was a no-deal scenario.

The company has established EasyJet Europe, headquartered in Vienna, which will enable EasyJet to continue to operate flights both across the EU and domestically within EU countries regardless of the Brexit outcome.

Easyjet’s profits rose despite it spending £40m on expansion at Tegel airport in Berlin and £65m on IT.

The airline flew a record 88.5 million passengers in the past year, up 10.2%, and revenues rose 16.8% to £5.9bn.

EasyJet plans to increase capacity by about 10% for the 2019 financial year.



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