UK low fares carrier EasyJet has posted a pre-tax profit of £665m for its latest financial year – the 12 months to the end of September.
That figure marks a 9% increase on the previous year’s profit and was ahead of expectations.
The profit was structured by EasyJet’s core airline business generating a profit of £415m for the year, and its package holiday division, EasyJet Holidays, making a profit of £250m.
Annual passenger numbers grew to 93.4 million for the year, up from 89.7 million 12 months earlier.
Outlook-wise, the airline said it is 81% booked for the first quarter of its current financial year, and 26% booked for the second quarter.
Kenton Jarvis, EasyJet CEO, said: “Since setting our medium-term targets in 2023 we have made significant progress, delivering a 46% improvement in profit before tax, adding 9% this year through the continued, successful execution of our strategy. EasyJet Holidays is today launching an even more ambitious goal having achieved its target early.
“Our focus on investing in operations and enhancing customer experience, providing the warmest welcome in travel, has delivered improved punctuality, enhanced customer satisfaction and cost efficiencies this year.
“Having recently celebrated our 30th birthday, I am proud of what easyJet has achieved. Very few companies remain as close to their roots as EasyJet – making travel easy and affordable while contributing significantly to economic growth through increased connectivity, consumer choice and jobs.
“We are well placed to seize the significant opportunities ahead, and we are confident in achieving our medium-term goal of delivering over £1 billion in profit before tax.”
