Overview
- Headline pre-tax profit rose 9% to £665m for the year to 30 September, beating analysts’ expectations.
- easyJet Holidays delivered £250m profit, up 32%, with 3.1 million customers and a 27% revenue increase on a higher average selling price of £698.
- The airline unit posted £415m in headline profit as management flagged tougher winter trading and trimmed planned seat growth to about 7% from 9%.
- Network and efficiency moves included new bases at Milan Linate, Rome Fiumicino and London Southend, closures at Toulouse and Venice, longer leisure routes, and about a 7% reduction in fuel cost per ASK from fleet upgrades and hedging.
- Shares fell roughly 2% in early trading and are down nearly 16% year to date as the company reaffirmed its medium‑term profit target above £1bn.