EasyJet’s in-house operator delivered a £44 million profit during the first half of the year (six months to 31 March 2025), a £13 million year-on-year increase (+42%).
The group in October 2023 disclosed a medium-term target of £1 billion profit before tax (PBT), of which easyJet holidays would deliver "more than £250 million PBT".
In a first-half trading update issued on Thursday (22 May), easyJet said easyJet holidays was "on track for early delivery of the medium-term target of >£250 million PBT".
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It follows customer growth of around a quarter so far this year, a trajectory the airline and operator expects to continue for the rest of the year.
The group believes 25% year-on-year growth in customers for its 2024/25 full year will result in it growing its share of the UK holiday market from 7% to 9%.
EasyJet also revealed easyJet holidays’ attachment rate, the proportion of its airline seats given over to holidays business, stands at just 6% "meaning substantial growth opportunities remain".
Holidays is currently 77% sold for the second half of the year. Group chief executive Kenton Jarvis said the group was continuing to see "strong demand" for its flights and holidays.
EasyJet holidays’ momentum helped offset a typically weaker first half of the year for easyJet over the winter, which saw the airline deliver a £394 million loss before tax – £44 million deeper year-on-year.
However, easyJet claims the result constitutes a "slight" year-on-year improvement when taking the circa £50 million impact of the late Easter and other "one-offs" into account.
"Airline performance was complemented by strong easyJet holidays performance," said the group.
EasyJet is currently 80% sold for Q3 (+0.5 percentage points year-on-year), and 42% for Q4 (+2.2 ppts year-on-year). "We continue to see a positive build in demand for easyJet’s flights and holidays this summer, with booked load factors ahead year-on-year for both Q3 and Q4," said easyJet.
However, it expects capacity growth to be constrained this summer, with seat growth of only around 1%.
EasyJet holidays revenue increased by nearly a third (29%) year-on-year during the first half of the year from £311 million to £400 million, running ahead of H1 customer growth, which broke one million (1,067,000) for the first time, up 27% year-on-year from 838,000.
EasyJet said this was driven by a "slight increase" in average selling price to £578, with three-quarters of holidays customers booking either four- or five-star accommodation during this period, up from £572 during the first half of its 2023/24 year.
