Company results December 2023

1. We’ve been all ears for recent company announcements to understand how trading is going for the travel sector. Here are a few things we’ve found interesting recently. December 2023
2. Source: Wizz Air H1 results 2023 “We continue to see positive bookings in Q3, with selling load factors exceeding last year’s levels by single digit percentage points. We estimate overall H2 ASK capacity will be circa 20 per cent higher year on year, despite the number of GTF engines needing off-wing inspection in the period"
3. Source: Airbnb Q3 results 2023 "Our Q3 results highlight a record travel season on Airbnb and our most profitable quarter ever."
4. Source: Expedia Q3 results 2023 "Our strong third quarter results with record revenue and profitability came in ahead of our guidance and reflect the resilience of travel demand.”
5. Source: Ryanair H1 FY24 results Source: Travel Weekly "Forward bookings (both traffic and fares) are robust…into the peak Christmas travel period."
6. Source: On The Beach FY23 report Source: Travel Weekly “We are already seeing this with strong momentum into the new financial year with TTV up 26% for the first nine weeks of FY24 and winter FY23 bookings up 34%. We approach our key booking period in Q2 with significant momentum and this gives us confidence that summer ’24 will be significantly ahead of summer ’23.”
7. Source: easyjet FY2023 results Source: Travel Weekly "We see a positive outlook for this year with airline and holiday bookings both ahead year on year” “The present booking strength for summer 2024, coupled with supply constraints in Europe, provide a positive outlook for the year as a whole.”
8. Source: TUI FY23 results Source: Travel Weekly “Initial indications are for a strong [2024] season with bookings in all markets starting promisingly up +13% against Summer 2023”
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