Rolling coverage of the latest economic and financial news
Budget airline easyJet has beaten profit expectations, after raising its selling prices.
EasyJet reported an 18% jump in pre-tax earnings in the last financial year, to £703m, ahead of forecasts of around £669m.
“Since setting our medium-term targets in 2023 we have made significant progress, delivering a 46% improvement in profit before tax, adding 9% this year through the continued, successful execution of our strategy. easyJet holidays is today launching an even more ambitious goal having achieved its target early.
“Our focus on investing in operations and enhancing customer experience, providing the warmest welcome in travel, has delivered improved punctuality, enhanced customer satisfaction and cost efficiencies this year.
“Economic activity was hampered in the third quarter by weak exports, while investments increased slightly.”
How do you spell stagnation? G-E-R-M-A-N-Y. In the past three years, the German economy has recorded only two quarters of positive growth. On average, the economy has shrunk by 0.1% quarter-on-quarter in every single quarter since the fourth quarter of 2022.
The just-released second estimate of German GDP in the third quarter of 2025 has confirmed this sad record of yet another stagnating quarter. On the year, the economy grew by a meagre 0.3%.
Continue reading…Rolling coverage of the latest economic and financial newsReeves expected to reveal cut in growth forecasts for next five years in budgetBudget airline easyJet has beaten profit expectations, after raising its selling prices.EasyJet reported an 18% jump in pre-tax earnings in the last financial year, to £703m, ahead of forecasts of around £669m.“Since setting our medium-term targets in 2023 we have made significant progress, delivering a 46% improvement in profit before tax, adding 9% this year through the continued, successful execution of our strategy. easyJet holidays is today launching an even more ambitious goal having achieved its target early.“Our focus on investing in operations and enhancing customer experience, providing the warmest welcome in travel, has delivered improved punctuality, enhanced customer satisfaction and cost efficiencies this year.“Economic activity was hampered in the third quarter by weak exports, while investments increased slightly.”How do you spell stagnation? G-E-R-M-A-N-Y. In the past three years, the German economy has recorded only two quarters of positive growth. On average, the economy has shrunk by 0.1% quarter-on-quarter in every single quarter since the fourth quarter of 2022.The just-released second estimate of German GDP in the third quarter of 2025 has confirmed this sad record of yet another stagnating quarter. On the year, the economy grew by a meagre 0.3%. Continue reading…
