easyJet's H1 2021 results are slightly better than expectations and it maintains significant liquidity while also delivering Q2 cash burn better than guidance. easyJet is encouraged by the strong vaccination rollout in the UK and expects the European rollout to pick up pace in the coming weeks, so is looking forward to taking customers on a long-awaited holiday this summer.
Summary easyJet has operated a disciplined flying programme over the winter months whilst continuing to deliver a major restructuring and cost reduction programme. As a result, easyJet expects a first half headline loss before tax in the range of £690 to £730 million, which is slightly better than expectations