Company results

Transcript

1. quotes that sum up... 4 ...the outlook for airlines
2. “easyJet currently expects capacity in Q4 to be c.90% of Q4’19 with load factors above 90%. easyJet’s Q4 schedule is now 71% booked, 1ppt ahead of this point in FY19. Q4 sold ticket yield is currently 13% above FY19. easyJet is seeing yields track positively through the first half of FY23, with October half-term currently booked in line with FY19 on capacity at 95% of FY19 levels.” Source: easyJet 2022 Half Year Results - July 2022 Johan Lundgren, CEO, easyJet
3. “While there are clear signs of pent-up demand, bookings remain closer-in than was the norm (pre-Covid) at this time of year. At this time, Q2 average fares are tracking ahead of peak S.19 [summer 19] (pre-Covid) levels by a low double-digit percentage. Ryanair plans to grow FY23 traffic to 165m (+11% on pre-Covid traffic) and will pursue its load active, yield passive strategy to achieve this growth.” Michael O’Leary, CEO, Ryanair Source: Ryanair Q1 results - July 2022
4. XXXXXX xxxxxxxxxxxxx IAG Source: IAG Q2 2022 Financial Results - July 2022
5. “By now we have the largest part of the summer ramp-up behind us and expect to operate around 30% higher ASKs [Available Seat Kilometre] in the summer compared to pre-pandemic levels. We expect continued month-on-month momentum in net total fares and loads through the summer. We are encouragingly starting to see normalization of operational disruption levels as we have lowered utilization by circa 5% for the summer versus F20.” József Váradi, Chief Executive, Wizz Air Source: Wizz Air Q1 F23 Results - July 2022
6. Passengers flown vs Apr-Jun 2019 +9% -17% +17% -28% -10% +30% -26% 5% (+2pts) +15% 22% (+2pts) Not provided Not provided Summer 2022 capacity vs 2019 UK Market share (growth) Ryanair and Wizz Air have increased summer capacity compared to pre-pandemic levels. Sources: easyJet 2022 Half Year Results, Ryanair Q1 results, Wizz Air Q1 F23 Results, IAG Q2 2022 Results - July 2022