Holiday bookings up despite cost-of-living crisis
People are protecting their spending on holidays despite the cost-of-living crisis, the boss of EasyJet has said.
The company said it had faced "multiple headwinds" in the period, including Covid restrictions and the impact of Russia's invasion of Ukraine, which drove up fuel prices. "At the same time we see there is a strong demand in the peak periods," he said, adding that budget airlines tended to do well in downturns because "people gravitate towards value".
Many said they would cut back on other discretionary spending, such as eating out or buying new clothes, to ensure they could travel abroad.
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