EasyJet Boss Warns Budget Tax Hike Could Ground Brits

EasyJet's CEO has issued a stark warning that potential tax increases could significantly dampen demand for international travel among Britons. He expressed hope for a freeze on air passenger duty but conveyed a sense of pessimism about its likelihood, noting that such tax hikes would naturally reduce consumer interest in booking holidays abroad.

The airline's financial performance showed a 9% increase in profits, reaching £665 million for the year ending September, driven by a strong performance in its holiday division. However, EasyJet's stock has experienced a notable slump this year, with shares down 1.5% in recent trading. This decline occurred despite overall revenue growth and falling energy prices, prompting market analysts to note that the airline has not seen the same post-pandemic recovery as some competitors.