British airline EasyJet has announced significant profits, driven by a growing trend among travelers to book complete vacation packages, including flights and accommodations, directly through the airline. This trend reflects a resurgence in travel demand as people are eager to take holidays again.
In markets such as Germany, England, and France, EasyJet offers customers the convenience of booking transport and lodging in one place. These package deals contributed £190 million (€228 million) to the company’s profits, a 50% increase compared to the previous year. CEO Kenton Jarvis has set an ambitious goal for next year: a 25% increase in customers purchasing vacation packages. EasyJet also benefited from additional revenue streams such as fees for extra baggage, onboard food and drinks, and higher ticket prices. As a result, the airline achieved revenue exceeding pre-pandemic levels. Passenger numbers for the fiscal year were slightly higher than in 2019, and profits surged 34% to £610 million. EasyJet’s fiscal year runs from October to September.
Profit per aircraft seat rose by 24%, reaching £6.08. The company aims to increase this figure to £7–£10 per seat. With 100 million seats available and an average occupancy rate of approximately 90%, the airline is well-positioned for further growth. However, EasyJet faces challenges in Spain, where it was fined €29 million for allegedly charging unjustified fees for items such as carry-on cabin baggage. Other airlines were also penalized, with Ryanair receiving the largest fine of €108 million. Both EasyJet and Ryanair have announced plans to appeal the rulings.