AviTrader sponsorship ad

easyJet posts pre-tax profit of £455 million for FY2023

easyJet
© easyJet

easyJet achieved a record performance during summer 2023, despite high fuel costs and the challenges arising from the external operational environment, thanks to initiatives implemented over the past year and a half. Supported by strong consumer demand, the company’s success is driven by the low-risk expansion at primary airports, significant increases in ancillary revenue, market beating growth for easyJet holidays and a constant focus on cost. This led to a pre-tax headline profit of £455 million for the 2023 financial year, an improvement of £633 million year-on-year. Total revenue increased by 42% to £8,171 million (2022: £5,769 million) predominantly due to pricing strength, increased flown capacity, improved load factors and the continued growth of easyJet holidays.

easyJet has ambitious and credible medium-term targets, that provide the building blocks to achieve a Group profit before tax (PBT) per seat of between £7 to £10. The levers to achieving this are: reducing winter losses, growing easyJet holidays to deliver over £250 million of PBT and the cost savings that its current Airbus order book will deliver from fleet efficiency and up-gauging. In addition to the delivery of its strategy, these targets are integral to achieving easyJet’s ambition to deliver more than £1 billion PBT.

easyJet has an existing order book with Airbus to FY29 for a further 158 A320neo-family aircraft still to be delivered. Alongside this, as announced on October 12, 2023, easyJet has entered into conditional arrangements with Airbus to secure the delivery of a further 157 aircraft (56 A320neos and 101 A321neos) between FY29 – FY34 as well as 100 purchase rights (the proposed purchase). This provides easyJet with the ability to complete its fleet replacement programme of A319 aircraft and replace approximately half of the A320ceo aircraft as well as providing the foundation for disciplined growth. The company is in exclusive negotiations with CFM for the supply of engines for the proposed purchase.

easyJet has also agreed to exercise conversion rights within its current order book to convert 35 A320neo deliveries into A321neo aircraft (the conversion). This alongside the proposed purchase will deliver lower fuel burn, CO2 emissions and operating costs per seat.

Share this Article
Thursday October 23, 2025
The latest deals involved the sale-and- leaseback of two new Embraer E195-E2 jets, delivered and leased to Canada’s Porter Airlines © AirTeamImages
Ashland Place Finance (Ashland Place) has completed its third and fourth aircraft financing facilities with affiliates of Fortress Investment Group and GOAL Aircraft Leasing. The deals involve the sale and leaseback of two new Embraer E195-E2 jets, delivered d... Read More »
Thursday October 23, 2025
© Shutterstock
Lockheed Martin has reported a robust third quarter for 2025, with sales reaching US$18.6 billion, up from US$17.1 billion a year earlier. Net earnings remained steady at US$1.6 billion, or US$6.95 per share, slightly higher than the US$6.80 per share recorded... Read More »
Thursday October 23, 2025
Ground-breaking ceremony at Perot Field Alliance Airport © Embraer
Embraer has begun construction on a new MRO facility for commercial jets at Perot Field Alliance Airport in Fort Worth. The ground-breaking ceremony gathered local leaders, Embraer executives, and partner representatives to celebrate this major step forward. T... Read More »
Thursday October 23, 2025
Representatives from Bell Textron, Ukraine’s Ministry of Economy, Ecology, and Agriculture, and UkraineInvest
At a ceremony in Washington, Bell Textron signed key agreements with Ukraine’s Ministry of Economy, Ecology, and Agriculture, and UkraineInvest. The deal aims to explore industrial cooperation as part of a possible purchase of AH-1Z Viper and UH-1Y Venom hel... Read More »
Wednesday October 22, 2025
TrueNoord CEO Anne-Bart Tieleman (l) and Elysian co-CEO and co-founder Daniel Rosen Jacobson
Elysian, a pioneer in next-generation electric aircraft, has signed a collaboration agreement with regional aircraft lessor TrueNoord. The deal, announced during the European Regions Airline Association (ERA) General Assembly in Estoril, supports Elysian’s f... Read More »
Wednesday October 22, 2025
Norwegian Group
For the third quarter 2025, the Norwegian Group has posted a profit before tax (EBT) of NOK 2,891 million and an operating profit (EBIT) of NOK 3,071 million. The period also marked key milestones. The company paid its first-ever dividend in August and confirm... Read More »
Wednesday October 22, 2025
Wizz Air Airbus A321neo © AirTeamImages
Aviation Capital Group LLC (ACG) has delivered three new Airbus A321neo aircraft to Wizz Air. These aircraft are powered by advanced Pratt & Whitney GTF engines, known for their fuel efficiency and lower emissions. They mark the tenth, eleventh and twelfth... Read More »
Wednesday October 22, 2025
A CH-47F Block II conducts a flight at Redstone Test Center in Huntsville, Ala. © Boeing/Studio 51
The U.S. Army has advanced its heavy-lift modernisation plans with an order for nine Boeing CH-47F Block II Chinook helicopters. The two new contracts, worth US$461 million, bring the total number of Block II aircraft on order to 18. The latest awards, coverin... Read More »
Wednesday October 22, 2025
STS new station Vero Beach ©Shutterstock
STS Line Maintenance (STS), part of STS Aviation Group, has opened a new satellite station in Vero Beach, Florida (VRB). Operations will begin on December 1, with JetBlue Airways confirmed as the launch customer. Mark Smith, President of STS Aviation Group, sa... Read More »
Wednesday October 22, 2025
The deal paves the way for the development of up to six new narrow- and wide-body hangars across the airport estate © Teesside International Airport
A major deal has been agreed to support a multi-million-pound expansion of aircraft maintenance operations at Teesside International Airport. The move will create hundreds of skilled engineering jobs and boost the region’s growing aviation sector. Willis Avi... Read More »
Wednesday October 22, 2025
BCT hangar at East Midlands Airport (EMA)
BCT Aviation Maintenance, based at East Midlands Airport (EMA), has made a six-figure investment in new hangar tools and airside vehicles. The move prepares the company for a busy winter maintenance season. From October to December, BCT’s hangar will handle ... Read More »
Tuesday October 21, 2025
Korean Air and Archer executives on October 20th signing ceremony.
Korean Air and Archer Aviation (Archer) have signed an agreement to bring Archer’s Midnight eVTOL aircraft to Korea. The rollout will begin with government use and later expand to other sectors. As part of the deal, Korean Air plans to buy up to 100 Midnight... Read More »
Tuesday October 21, 2025
Acron Aviation has announced the acquisition of Honeywell’s Thermal Switches product line. This milestone marks the company’s second acquisition in just six months, following its launch as a standalone business in March 2025. The strategic purchase strengt... Read More »
Tuesday October 21, 2025
The agreement was announced in Hong Kong on the sidelines of the IATA World Sustainability Symposium
Airbus and the Cathay Group (Cathay) have announced a joint investment of up to US$70 million. The goal is to speed up the development of sustainable aviation fuel (SAF) across Asia and beyond. This marks another strong step towards cleaner, lower-carbon air t... Read More »
Tuesday October 21, 2025
TrustFlight
TrustFlight, a pioneer in aviation safety and compliance technology, has launched Smart Documents — a next-generation authoring platform that transforms how aviation organisations create, validate, and distribute operational documentation. The launch follows... Read More »
Tuesday October 21, 2025
Airborne Early Warning and Control aircraft rendering © L3Harris
L3Harris Technologies has secured a major contract to supply modified Bombardier Global 6500 aircraft for the Republic of Korea Air Force. These advanced airborne early warning and control (AEW&C) jets will enhance national defence and surveillance. The pr... Read More »
Tuesday October 21, 2025
Arlanda Airport
Stockholm Arlanda Airport is taking European aviation into a new era. Swedavia and Luftfartsverket have jointly introduced Established on RNP (EoR), a concept that enables aircraft to perform curved approaches more often. It is the first of its kind in Europe,... Read More »
Monday October 20, 2025
Rendering of the A350-900 in IndiGo livery
IndiGo, India’s largest airline, has finalised a firm order for 30 Airbus A350 aircraft. This deal converts a memorandum of understanding signed in June into a confirmed contract. As a result, IndiGo’s total A350 orders now stand at 60. The agreement marks... Read More »
Monday October 20, 2025
Logistic hu
Skyparts, the original equipment manufacturer (OEM) trade desk of Acron Aviation, has announced a strategic channel partnership with Setna iO. Setna iO is well known for distributing used serviceable material (USM) and OEM aircraft parts. This agreement drives... Read More »
Monday October 20, 2025
SIA Engineering Philippines facility
AerFin, the aviation asset specialist, has announced the successful completion of a 2017 Airbus A320neo disassembly. The project was carried out by SIA Engineering Company (SIAEC) at its Philippines facility, SIAEP. This milestone marks several firsts for the ... Read More »
ajw avitrader

2026 MEDIA KIT

VP Sales & Business Development Americas
Tamar Jorssen
tamar.jorssen@avitrader.com
Phone: +1 (778) 213 8543
VP International Sales & Marketing
Malte Tamm
malte.tamm@avitrader.com
Phone: +49 (0)162 8263049

Subscribe to the most widely accepted news source in the aviation industry!


Free Daily, Weekly and MRO Publications delivered to your Inbox!
News Alerts, Editorials, Marketplace, Executive Interviews +more

Select publications:

*we respect your privacy and AviTrader will not share your email address to any 3rd Parties.