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EasyJet holidays targets 25% growth after early winter profits leap by £12 million

Operators
James Chapple
22 January 2025

EasyJet is confident its burgeoning holidays division can grow customers by a further quarter this year after the operator delivered a more than 40% uptick in first-quarter profits.

  • EasyJet holidays aims for 25% customer growth after a £12 million profit increase in early winter.

  • First-quarter profits rose by over 40%, with a £43 million profit on £247 million revenue.

  • EasyJet holidays is 93% sold for winter and 45% for summer.

  • The group targets a £1 billion full-year profit with 8% airline seat capacity growth.

EasyJet holidays is targeting a 25% increase in customers this year (Credit: iStock)

EasyJet holidays made a £43 million profit during the three months to the end of December, a nearly 40% year-on-year increase of around £12 million, on revenue of £247 million, a 36% increase from £181 million during Q1 2023/24.

This helped offset its parent airline’s customary winter loss, although easyJet itself more than halved last year’s £126 million pre-tax Q1 loss to £61 million.

The group said on Wednesday (22 January) it remained hopeful of achieving its medium-term +£1 billion full-year profit target thanks to 8% planned growth in airline seat capacity over the coming year to 103 million seats and 25% year-on-year growth in easyJet holidays customers.