easyJet continues to have one of the strongest, investment grade, balance sheets in European aviation. As at 30 September 2023 our net cash position was c. £40 million (30 September 2022: £670 million net debt). During the 2023 financial year, c.
Is EasyJet doing well?
The company enjoyed its best ever summer with its holiday division doing particularly well. When the 2023 results are finalised, easyJet is expecting a profit before tax of £440m-£460m. This will be its first annual profit since FY19 when, incidentally, the share price was more than double what it is now.
Is easyJet in financial trouble?
Why are easyJet cancelling all flights?
EasyJet blames reduced airspace over Europe and ongoing air traffic controller strikes for the cancelled flights. It says that the move is pre-emptive in order to reduce last-minute cancellations.
How far in advance are easyJet cancelling?
Flight cancellationYou are informed of the cancellation between 2 weeks and 7 days before the scheduled departure time and are offered re-routing, allowing you to depart no more than 2 hours before the scheduled departure time and to reach your final destination less than 4 hours after the scheduled arrival time; or.
How many planes do EasyJet own?
As of September 30, 2022, easyJet;'s fleet consisted of 181 owned aircraft. Of these, the majority was the A320 model, with a combined number of 105 aircraft. EasyJet also owned four 321neo models.