EasyJet, a British carrier, reported 2023 earnings slightly ahead of analysts' expectations, citing robust travel demand and forward bookings. The CEO, Johan Lundgren, expressed confidence in a sustained recovery from the Covid-19 pandemic despite geopolitical instability affecting the current quarter. The company's earnings of just over $600 million surpassed analyst forecasts, contributing to a strong earnings season for European airlines. However, EasyJet acknowledged that geopolitical instability would weigh on the current quarter. In a related development, Virgin Atlantic expressed caution about travel demand in 2024, citing economic challenges in the UK and geopolitical uncertainty. Meanwhile, Egypt's tourism industry is optimistic about withstanding the shockwaves of the Israel-Hamas war and is focusing on a hotel-building spree to accommodate more visitors.
Egypt’s tourism chief says the industry looks set to ride out the shockwaves of the Israel-Hamas war as it focuses on a hotel-building spree to accommodate more visitors https://t.co/xy7HYuHroE
Egypt’s tourism chief says the industry looks set to ride out the shockwaves of the Israel-Hamas war as it focuses on a hotel-building spree to accommodate more visitors https://t.co/3Eh8KvseHC
Egypt’s tourism chief says the industry looks set to ride out the shockwaves of the Israel-Hamas war as it focuses on a hotel-building spree to accommodate more visitors https://t.co/bDPlGu4SQd
Virgin Atlantic is cautious on how travel demand will evolve in 2024, citing economic challenges in the UK and geopolitical uncertainty https://t.co/k8TPJGeQpv
WATCH: EasyJet continued a strong earnings season for European airlines, at just over $600 million, beating analyst forecasts. But the British carrier said geopolitical instability would weigh on the current quarter https://t.co/mnr8ku2o6g https://t.co/O6IwMPEcEY
EasyJet continued a strong earnings season for European airlines, at just over $600 million, beating analyst forecasts. But the British carrier said geopolitical instability would weigh on the current quarter https://t.co/Dh63UBFWbC https://t.co/L5JRzYzxsB
"The demand looks really strong into next summer" EasyJet is confident of a sustained recovery from the Covid-19 pandemic, says CEO Johan Lundgren https://t.co/knl0IzG5lK https://t.co/WDXpPOKy9C
EasyJet reported 2023 earnings slightly ahead of analysts' expectations after a year of robust travel demand and forward bookings, but the British carrier said geopolitical instability would weigh on the current quarter https://t.co/mnr8ku2o6g https://t.co/K5d7DpmHJm
EasyJet signals confidence in a sustained recovery from the Covid-19 pandemic, even as the conflict between Israel and Hamas disrupts air travel in the short term https://t.co/TQn3XZACUw
EasyJet reported 2023 earnings slightly ahead of analysts' expectations after a year of robust travel demand and forward bookings, but the British carrier said geopolitical instability would weigh on the current quarter https://t.co/Dh63UBFWbC https://t.co/RtX190kUxZ