EasyJet profits soar on holiday demand, smaller winter losses
Low-cost airline easyJet reported a surge in full-year profit and boosted its dividend on strong summer holiday demand and a narrowing of winter losses.
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The company on Wednesday posted a 34% rise in pre-tax profit to £610m. The dividend was lifted to 12.1p a share from 4.5p.
Profits at easyJet’s holiday division soared 56% to £190m.
It now expects a 3% rise in capacity for the current fiscal year to September 2025 to about 103 million seats, with holiday customers growing by about 25% year on year.
"The airline will continue to grow, particularly on popular longer leisure routes like North Africa and the Canaries and we plan to take 25% more customers away on package holidays," said chief executive-designate Kenton Jarvis, who is replacing Johan Lundgren next year.
Reporting by Frank Prenesti for Sharecast.com