easyJet (London Luton) has said it strengthened its financial position and secured its liquidity until at least 2030 through a new USD1.7 billion revolving credit facility in the third quarter ending June 30, 2025. The new facility, which remains undrawn, replaces a previous undrawn USD1.75 billion UK Export Finance facility and USD400 million revolving credit line, both of which have now been terminated.

In its trading update for the third quarter ended June 30, 2025, easyJet reported liquidity of GBP4.9 billion pounds (USD6.5 billion), GBP1.5 billion (USD2 billion) above its policy threshold. The company also repaid a EUR500 million euro (USD582 million) eurobond on June 11. Its net cash position rose to GBP803 million (USD1 billion), with all nine expected aircraft deliveries completed and two A320neo jets brought back into ownership, unlocking GBP17 million (USD22.8 million) in provisions and lowering future ownership costs.

Despite operational disruptions caused by French air traffic control (ATC) strikes in early July, easyJet posted a year-on-year profit increase before tax of GBP50 million (USD67 million) totalling GBP286 million (USD384 million) for the quarter, which the airline said was in line with expectations.

easyJet said the French ATC strike caused significant and unexpected costs, estimated at around GBP25 million (USD33.5 million), not only disrupting customer and crew schedules but also exacerbating existing ATC-related operational challenges.

CEO Kenton Jarvis expressed frustration over the strike. "We are extremely unhappy with the strike action by the French ATC in early July, which as well as presenting unacceptable challenges for customers and crew also created unexpected and significant costs for all airlines," he commented.

The easyJet holidays division delivered strong results, posting a GBP86 million (USD115 million) profit before tax, GBP13 million (USD17 million) more than the same quarter last year. The division remains on track to achieve more than GBP235 million (USD315 million) in full-year profit.

Looking ahead, Jarvis said the FY25 outlook remained positive, with profit growth expected despite headwinds from fuel costs and ATC issues. With 67% of fourth-quarter capacity sold, final results will depend on late summer bookings and associated yields, he said.