Shares in EasyJet fell despite the airline reporting higher annual profits and revenues, as concerns mount over potential tax increases in the upcoming Budget. Chief executive Kenton Jarvis urged the government to freeze air passenger duty, warning that higher taxes could dampen demand for overseas holidays and harm the competitiveness of the United Kingdom's visitor economy. The airline has faced challenges restoring winter flight levels to pre-pandemic figures, and has been impacted by limited flying to destinations in the Middle East. Despite expanding routes to meet demand for winter sun, EasyJet shares have continued to slide, with investors expressing frustration over the lack of significant post-pandemic recovery compared to some rivals.