Full Year 2024 Easyjet PLC Earnings Call Transcript
Key Points
- easyJet PLC (EJTTF) reported a profit before tax of GBP610 million, marking a 34% increase year-on-year.
- The company achieved a 2% increase in pricing across the year, with airline revenue per seat at GBP81.35.
- easyJet Holidays delivered a strong performance with a profit of GBP190 million, a 56% increase year-on-year.
- The company proposed a dividend increase to 20% of profit after tax, reflecting confidence in future growth.
- easyJet PLC (EJTTF) maintained a strong cash position, increasing by GBP536 million to reach GBP3.5 billion.
- The airline faces challenges with aircraft delivery delays from Airbus, impacting fleet expansion plans.
- Increased airport and ground handling charges due to inflationary pressures and labor costs.
- The geopolitical situation in the Middle East has affected operations, with flights to Tel Aviv and Jordan currently suspended.
- The company anticipates a challenging Q2 due to the timing of Easter, which could impact overall H1 results.
- There are concerns about potential higher UK and French taxes, which could affect consumer demand and pricing strategies.
Good morning, everyone and thanks so much for joining us here. Both of you who are in this room and everybody who is watching this also from the live stream. Obviously, we're here to discuss the results for the company in the financial year end, the 30 of September here in 2024 with me here on stage. I have the company for the last time CFO Kton Jarvis and we are joined here by the phenomenal team here. We see that colleagues as well within the A&B and also the latest edition Jan de Re Maker, who is the, the, the new co who will take over after can as well. And I think you're going to address and say a few words to everybody you've seen here as well. And obviously last but not least also the company' Chairman, sir Steven, who is here today as well. So what we're going to do, we're going to as usual talk through the presentation and then give plenty of time for any questions that you may have and do make use of the opportunity to direct any questions that you feel you want to ask anybody of, of the team members here at DC as well
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
