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The increase in profits and dividends indicates robust financial health, likely driving investor confidence, similar to past recovery trends post-recession.
What happened, with direct paths to the underlying reporting
EasyJet's pre-tax profits rose 34% to £610 million for 2024. Dividends are set to more than double from 4.5p to 12.1p per share. Flight capacity increased by 8%, adding 6.9 million passengers. Ancillary revenue grew by 13%, boosting profits per passenger by 24%. The airline's stock trades at over a 50% discount from pre-COVID levels.
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