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EasyJet sets ambitious new £1 billion growth targets after record summer

Operators
Ilaria Grasso Macola
12 October 2023

EasyJet has set itself ambitious new growth targets following a record summer, fuelled by a surge in passenger numbers which has driven up revenue, as well as growth of its in-house tour operator easyJet holidays.

Gatwick Easyjet Air Traffic Control tower iStock-909651648

Gatwick wants to bring its standby runway into routine use (Credit: iStock)

The low-cost carrier reported group revenue for the summer quarter had increased to £3.1 billion on Thursday (12 October) – up 24% on last year – while its earnings before interest and tax had grown to £665 million.

EasyJet is also poised to achieve a half-year profit before tax of between £850 million and £870 million, it said.

 

This, the company said, has been prompted by passenger numbers increasing by 9% to 28.6 million, as well as a 9% surge in ticket yield – the profit generated on each and every ticket.