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EasyJet investors should keep seatbelts on

The Times

EasyJet has never really been one for long-haul travel. A rebound in travel post-pandemic has fuelled a recovery in the bottom line, but ensuring more sustained growth in earnings might be harder.

Johan Lundgren, the easyJet boss, can see only clear skies. The budget airline has raised profit guidance for this year for a second time, on the back of a rush in bookings and a boom in air fares.

Adjusted pre-tax profit is expected to be higher than the £260 million that had been forecast by analysts for the 12 months to the end of September. True, all the key metrics have been fired up. Load factor, the percentage of available seats that have been filled, was 10 per cent higher over the first