EasyJet has shown positive momentum in last-minute bookings since the start of the Middle East conflict, but overall bookings for the summer season lag behind last year, warning that the second half of the 2026 financial year will be impacted by increased fuel costs and short-term uncertainty in demand. The company speaks, however, that it is not experiencing any disruption in fuel supply.
In the first half of FY26, adjusted loss before tax amounted to £(552) million, while capacity increased by 8% year-on-year and passenger numbers by 6%, with the occupancy rate reaching 90%, up 2 percentage points year-on-year. easyJet holidays' adjusted earnings before tax amounted to £61 million, with a 22% increase in customers.
Operational efficiency and customer satisfaction continue to improve, with a flight on-time execution rate of 78% and a CSAT ratio of 84% for aviation activity and 85% for EasyJet holidays services.
The company manages short-term uncertainty from a position of strength, with £4.7bn of liquidity. and a net cash balance of £434 million, while the book value of proprietary assets reaches £5 billion.
The CEO, Kenton Jarvis, emphasized that, despite the conflict, EasyJet remains strong, with positive demand, high occupancy, increased customer satisfaction and growth of easyJet holidays. The strategy includes disciplined growth, up-gauging, and service expansion, aiming to achieve medium-term goals and shareholder value.
Despite changes in bookings due to geopolitical events, the company continues to operate normally, with the full flight schedule running without disruptions. Total bookings for the summer season have shifted to closer departure dates, but month-of-departure demand remains strong year-on-year.
EasyJet points out that strategic investments in infrastructure, new flight bases and the EasyJet holidays service have performed in line with expectations and are expected to support attractive returns as the operating environment gradually normalizes.
