The carrier made a headline full-year loss of £178 million before tax, but achieved a record fourth quarter profit of £674 million. The full year loss compares to a deficit of £1.14 billion in 2021. Revenue rose to £5.77 billion, compared to £1.46 billion last year.
Results for the year ended 30 September 2022 also show easyJet Holidays made a pre-tax profit of £38 million compared with a £12 million loss last year.
Johan Lundgren, easyJet chief executive, said: "EasyJet has achieved a record bounce back this summer with a performance which underlines that our transformation is delivering.
"The summer saw easyJet achieve its highest ever earnings for a single quarter with headline EBITDAR of £674 million, ancillaries up by 59% on 2019 and easyJet holidays well on its way to its £100 million target.
"EasyJet does well in tough times. Legacy carriers will struggle in this high-cost environment. Consumers will protect their holidays but look for value and across its primary airport network, easyJet will be the beneficiary as customers vote with their wallets.”
During the final quarter of its year, easyJet saw load factors on its flights average 92% and had 26 million seats on sale. Loads across the year averaged 85.5%, up 13 points. Revenue per seat was up 31% to £66.23.
The carrier added: “Peak holiday weeks this winter, such as October half term and Christmas week in the UK, are back to normal levels of volume.” It said Christmas ticket yield was currently up around 18%.
“Visibility over bookings in the second half remains low, however Easter booked ticket yields are strong and booked load factors for Easter are ahead of the prior year.”
