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The Financial Times: easyJet swings to profit and reinstates dividend as travel demand soars

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easyJet has swung to a profit amid a surge in demand for travel, enabling the low-cost carrier to reinstate its dividend.

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The airline on Tuesday said revenues rose 42 percent to £8bn in the 12 months to September. It posted a profit before tax of £455mn over the same period, following a loss of £178mn last year. EasyJet announced a dividend of 4.5p a share, amounting to £34mn. Chief executive Johan Lundgren said: “Our record summer performance demonstrates the success of our strategy and that demand for easyJet remains strong.” However, the airline noted that early winter results for the 2024 fiscal year would see an impact from the war in Gaza, with flights to Israel and Jordan temporarily paused.

This article was written by Leke Oso Alabi from The Financial Times and was legally licensed through the Industry Dive Content Marketplace. Please direct all licensing questions to legal@industrydive.com.