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.