Over the last ten years, EasyJet's passenger numbers in the UK have been steadily increasing over this period until 2018. Afterward, it followed a decreasing trend that was exacerbated by the coronavirus pandemic. In 2022, EasyJet uplifted just above 33 million passengers.
Financial performance of EasyJet
EasyJet is a British low-cost airline, founded in 1995, with headquarters at London Luton Airport in the United Kingdom (UK). EasyJet's flights include national and international destinations. In 2017, easyJet UK Ltd joined the easyJet Airline Company Ltd Group. This addition made it UK's biggest airline in terms of passengers transported in 2022.
The British airline has grown immensely in recent years. However, it was greatly impacted by the COVID-19 pandemic. In 2020, EasyJet reported a decrease of about 53 percent in annual revenue, which amounted to three billion British pounds. In addition, a net loss of a billion British pounds was recorded for the first time in 12 years. However, the company have been recovering from the negative effects of the pandemic. In 2022, the annual revenue of EasyJet amounted to 5.8 billion British pounds, which was 616 million less than the 2019 level.
Low-cost carriers in Europe
When ranked by the number of passengers transported, Ryanair, EasyJet, Eurowings, Norwegian and Wizz Air were the leading LLCs in Europe. For instance, Ryanair alone uplifted over 97 million passengers between 2021 and 2022 and was ranked sixth among leading airline groups in Europe in 2021.
Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022
(in millions)
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Civil Aviation Authority (UK). (March 20, 2023). Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022 (in millions) [Graph]. In Statista. Retrieved November 03, 2024, from https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/
Civil Aviation Authority (UK). "Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022 (in millions)." Chart. March 20, 2023. Statista. Accessed November 03, 2024. https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/
Civil Aviation Authority (UK). (2023). Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022 (in millions). Statista. Statista Inc.. Accessed: November 03, 2024. https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/
Civil Aviation Authority (UK). "Number of Passengers Uplifted by Easyjet Airline Company Ltd in The Uk from 2008 to 2022 (in Millions)." Statista, Statista Inc., 20 Mar 2023, https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/
Civil Aviation Authority (UK), Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022 (in millions) Statista, https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/ (last visited November 03, 2024)
Number of passengers uplifted by EasyJet Airline Company Ltd in the UK from 2008 to 2022 (in millions) [Graph], Civil Aviation Authority (UK), March 20, 2023. [Online]. Available: https://www.statista.com/statistics/309452/easyjets-uk-passenger-numbers/