EASYJET PLC (EZJ) — Half Year Results

Investor webinar replay

Replay transcript excerpt

Good afternoon, and welcome to the EZJET PLC investor presentation. Throughout this recorded presentation, investors will be in listen only mode. Questions are encouraged and could be submitted at any time via the q and a tab situated on the right hand corner of your screen. Simply type in your questions and press send. The company may not be in a position to answer every question it receives during the meeting itself. However, the company can review all questions submitted today and publish responses where it's appropriate to do so. Before we begin, I'd like to submit the following poll, and then I'd like to hand you over to head of investor relations, Adrian. Good afternoon, sir. Hi there. Good afternoon, everyone, and thank you for joining me today. I plan to speak for about five to ten minutes just through where we are today currently in terms of current trading, talk through EZJET strategy, and the medium term targets. Then there'll be plenty of questions for you guys to ask any questions that you like. So if we turn to the the intro slide, we've just come through the first six months of our f y twenty five financial year. We've traded through this winter where we saw the results slightly improve year on year when you adjust to the timing of Easter. Easter is obviously an important travel period for a lot of people in Europe, and that moved out of Easter year on year fully into April. Therefore, 50,000,000 of value transfer between April and March year on year was seen. So when adjusting for that, we saw a slight reduction in our winter losses, which was a good step forward. As we move through into this summer, we see positive demand. Peak customers continue to travel. Customers continue to prioritize their travel, and we are seeing good demand for that as we mo...