United Kingdom
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EasyJet places new jet order worth $20 billion
Fresh from announcing an expected record pre-tax profit, easyJet is splashing cash on a new bumper aircraft order.
It reached a deal worth close to $20 billion for 157 A320neo and A321neo Airbus jets.
It also has purchase rights on 100 more.
It will additionally ‘exercise conversion rights within its current order book to convert 35 A320neo deliveries into A321neo aircraft.’
It will allow ‘fleet modernisation and growth to continue beyond 2028 while providing cost efficiencies and sustainability improvements,’ said CEO Johan Lundgren.
The 157 firm orders are due for delivery between 2029 and 2034.
The airline still has 158 Airbus jets on order, due for delivery by 2028.
EasyJet said its Q4 pre-tax profit is expected to be between £650 – £670 million.
Passenger traffic was up 8%
“We have delivered a record summer with strong demand for easyJet’s flights and holidays,” the company said.
“This performance has demonstrated that our strategy is achieving results so we have set out an ambitious roadmap to serve more customers and deliver shareholder returns.”
The airline will resume paying out dividends when it announces the FY23 full year results.
Learn more about : easyJet Holidays ( United Kingdom )
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Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
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