Fast track THE RECOVERY

Annual Report and

Accounts 2021

Who we are

easyJet aims to make travel easy, enjoyable and affordable for customers, whether it is for leisure or business.

We use our cost advantage and leading positions in primary airports to deliver low fares on an unrivalled network, seamlessly connecting Europe with the warmest welcome in the sky.

Our well-established and proven business model provides a strong foundation to drive long term shareholder returns.

'Our promise' is that we will be:

Safe and responsible

On our customers' side

In it together

Always efficient

Forward thinking

Navigating 2021

The 2021 financial year has been volatile with Covid-19 posing the most significant threat to the aviation industry in its history.

Our business model and actions undertaken in the year mean that we are poised to take advantage of growth opportunities in the future.

easyJet has an outstanding network of #1 and #2 positions in the primary airports around Europe, which customers favour. Customers are increasingly looking for value for money and are prioritising leisure travel, where we are particularly well placed.

We were the world's first major airline to offset the carbon emissions from the fuel used for all flights and we continue to work tirelessly to minimise carbon across our operations.

VISIT OUR WEBSITE FOR MORE

INVESTOR INFORMATION

https://corporate.easyJet.com/investors

A Tribute from the Board of Directors

John Barton

Shortly after the signing of the annual report and accounts on 30 November 2021, John Barton sadly passed away. John was our Chairman for nearly nine years, and only stepped down from the Board on 1 December.

John was a man of great integrity who was very much respected and liked by everyone across the Company. He was a distinguished Chair and made an outstanding contribution to the Company during his tenure.

On behalf of all of his former colleagues at easyJet and the Board, we send our heartfelt sympathies to John's family.

He will be remembered with greatest respect and admiration.

6 December 2021

What's inside

Strategic report

Chairman's Letter 2

Highlights 4

Purpose 6

Chief Executive's Review 8

Business Model 12

Interview With Our Chairman, 14 CEO, and CFO

Market Review 16

Our Strategy 18

Key Performance Indicators 24

Stakeholder Engagement 26

Sustainability 38

Non-Financial Information 62 Statement

Financial Review 66

Risk 78

Governance

Chairman's Statement on 96 Corporate Governance

Board of Directors 98

Airline Management Board 102

Corporate Governance Report 105

Directors' Remuneration Report 130

Directors' Report 154

Statement of Directors' 158 Responsibilities

Financials

Independent Auditors' Report to 159 the Members of easyJet plc

Consolidated Accounts 170

Notes to the Accounts 175

Company Accounts 213

Notes to the Consolidated 216 Company Accounts

Five-Year Summary 219

Glossary - Alternative 220 Performance Measures

Glossary 222

Shareholder Information 223

www.easyJet.com

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easyjet plc published this content on 20 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 April 2022 15:24:04 UTC.