August 2024: Travel industry company announcements

Transcript

1. We’ve listened to the recent travel company announcements to understand how trading is going for the sector. Here are a few things we’ve found interesting recently. August 2024
2. “Passengers are currently booking much closer to departure and therefore, pricing for our flight-only and package holiday products must remain attractive.” Source: Jet2plc.com trading update July 2024
3. Source: Ryanair Q1 FY25 Results “While Q2 demand is strong, pricing remains softer than we expected, and we now expect Q2 fares to be materially lower than last summer.”
4. Source: RCG Q2 Results July 2024 “The demand and pricing environment remained very strong... Booking volumes were higher than the corresponding period in 2023 and at record pricing levels.”
5. Source: easyJet Q3 FY24 Results “easyJet has currently sold 1.5 million more seats for peak summer compared to the same point in time last year with total yield broadly flat year on year.”
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