Ryanair reported a 46% drop in profits due to consumers capitalizing on last-minute deals and a portion of Easter travel falling into the previous quarter. EasyJet, on the other hand, experienced a 16% increase in pretax profits and a boost in ticket sales, reflecting robust demand during the peak summer season.
EasyJet's optimistic outlook is supported by CEO Johan Lundgren, citing the company's unparalleled destination network and affordability as key drivers of their success, positioning them for another record-breaking summer. This success contrasts sharply with Ryanair's anticipation of significantly reduced airfares leading to lackluster earnings in a typically lucrative period.
[
Collection
]
[
|
...
]