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Package holiday demand helps boost easyJet profits
EasyJet raised its holidays pre-tax profit target to £450 million by 2030 while cutting airline seat capacity growth to 7% due to route maturity and market challenges.
- After closing the financial year to September 30, easyJet reported a 9% rise in headline pre-tax profits to 650 million, surpassing analyst expectations.
- EasyJet holidays, the group's package-arm, saw earnings surge 32% to �250 million as customer numbers rose to 3.1 million, the group said.
- Meanwhile the airline's headline profits fell to £450 million, as the group cut seat capacity growth to around 7%, down from 9%, citing route maturity and macro-economic headwinds.
- The group raised its holidays target to £450 million in pretax profit by 2030, with Kenton Jarvis, chief executive, saying he is confident of reaching over 1 billion pounds in medium-term profit.
- The group expects holidays customers to grow 15% in the coming year, with `high single digits` price increases, and highlighted a 46% improvement in profit before tax since 2023.
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Package holiday demand helps boost easyJet profits
The Luton-based group posted a 9% rise in headline pre-tax profits to £665 million for the year to September 30, No-frills carrier easyJet has recorded a better-than-expected annual profit haul as strong demand for its package holidays helps offset more difficult trading for its airline. The Luton-based group posted a 9% rise in headline pre-tax profits to £665 million for the year to September 30, up from £610 million in 2023-24 and higher than…
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Total News Sources11
Leaning Left4Leaning Right0Center2Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
C 33%
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