EasyJet posted a jump in annual profits, citing high demand for package holidays.
The company’s pre-tax profit was up 9% to £665 million in the year ending 30 September.
This was despite an uncertain geopolitical and economic landscape over the last year.
Kenton Jarvis, easyJet’s CEO, said: “We delivered 9% this year through the successful execution of our strategy.
EasyJet holidays is today launching an even more ambitious goal having achieved its target early.”
We are well placed to seize the significant opportunities ahead, and we are confident in achieving our medium-term goal of delivering over £1 billion in profit before tax.”
Operational performance increased by 18% or £106 million year on year (airline +£50 million, holidays +£56 million).
On time performance increased three percentage points, despite challenges with ATC strikes and staff shortages, it said.
The Board is recommending an ordinary dividend of 13.2 pence per share amounting to £100 million and is subject to shareholder approval at the AGM.
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