EasyJet Cuts Winter Losses Despite Middle East Conflict

The budget airline has managed to reduce its losses by over £50 million, even as it faces disruptions from the Israel-Gaza conflict and suspends flights to Tel Aviv.

• EasyJet projects a pre-tax loss of £340m to £360m for the winter, a significant improvement over the previous year.
• The airline has reallocated flights from Israel to other destinations, minimizing the financial impact of the conflict.
• EasyJet's holiday arm has seen a 35% growth year-on-year, with 70% of summer bookings already secured.
• The company's stock rose nearly 3% in early trading, reflecting positive market reactions to its financial resilience.
• New bases in Alicante and Birmingham and an expanded fleet are expected to support a record summer performance.

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