easyJet, the UK-based low-fare airline, has announced a 34% increase in annual profits, making GBP 610 million before tax in the 12 months to 30 September 2024.
The carrier posted a record profit of GBP 960 million in the second half of the period, driven by strong summer demand, while reducing winter losses by GBP 40 million through a combination of productivity gains and increased aircraft use.
“This strong performance represents a significant step towards our goal of sustainably generating over £1 billion annual profit before tax,” said Johan Lundgren, easyJet’s outgoing CEO.
The airline continued its fleet modernisation programme, adding 16 new fuel-efficient A320neo family aircraft, which it said highlighted its ongoing efforts to reduce emissions.
Incoming easyJet CEO Kenton Jarvis added, “The outlook for easyJet is positive, and travel remains a firm priority with consumers who value our low fares, unrivalled network and friendly service.”
This year, easyJet launched new bases in Birmingham and Alicante and plans to open another at London Southend Airport next summer. The company also aims to grow its easyJet holidays business by approximately 25% in the coming year. It will further expand its network, focusing on popular leisure routes and increasing capacity to winter sun destinations.
Photo: easyJet
easyJet saw record summer profits in 2024.
