British airline easyJet on Tuesday forecast healthy travel demand for next spring and summer based on early bookings, but warned of the need for attractive fares to stimulate demand outside peak periods.
A Goldhofer pushback tractor of air services provider Swissport stands in front of an Airbus A319-112 of Easy Jet at Zurich Airport, Switzerland September 11, 2020. REUTERS/Arnd Wiegmann/File PhotoPosts record Q4 earnings after strong summer demandShares down 4%
The outlook, one of the first from a European airline for next summer, comes as investors look for signs of whether bookings can hold up as household budgets take a hit from soaring energy bills and rising mortgage rates. For the six months from April 2023, the period when easyJet tends to make the bulk of its profit, early bookings showed higher ticket yields for Easter from last year, with holidaymakers planning trips to Turkey, Egypt and the Greek islands.
"Outside of peak periods, it's fair to say that there's a need to stimulate the market to get the demand back," Lundgren said, adding this was not unusual during the winter.
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