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EasyJet holidays contributes to good 2023 group financial result

Operators
Gary Noakes
28 November 2023

EasyJet has confirmed a profits turnaround for 2023, helped by a big contribution from its tour operating subsidiary.

EasyJet holidays / easyJet

EasyJet holidays is on course to hit its £250 million profit target earlier than anticipated (Credit: iStock)

The group recorded an annual pre-tax profit of £455 million, a £633 million improvement year on year for the 12 months ending 30 September 2023. Within this was a £122 million pre-tax contribution from easyJet holidays, which grew profits 221%.

EasyJet said it expected the tour operation "to grow by more than 35%" next summer, "taking its UK market share from 5% to 7%". 

"The business will also launch French and German source markets as the holidays business continues to expand its presence as a pan-European holiday company," it said.