The carrier, on Tuesday (19 November), posted full-year profit before tax (12 months to 30 September) of £427 million, down 26% from £578 million this time last year.
EasyJet said the result was towards the top end of its previous £420 million to £430 million profit guidance.
It came despite 8.6% growth in annual passenger numbers to 96.1 million, albeit at a rate of growth down 1.6% on full year 2018/19.
Capacity increased 10.3% from 95.3 million seats to 105 million at a load factor of 91.5%, down 1.4 percentage points on last year.