EasyJet annual profit rises 40% on package holidays [Yahoo! Finance]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
Profit after tax stood at £452 million ($569 million) in the 12 months to the end of September, building on its return to profit last year following losses in the wake of the Covid pandemic. "The outlook for EasyJet is positive," said chief financial officer Kenton Jarvis, who will take over as chief executive next year. He pointed to the popularity of longer travel routes like North Africa and the Canaries, where the airline said it will continue to grow. "We plan to take 25 percent more customers away on package holidays" which continue to "thrive", he added. The airline reported that for its package holiday division -- which it launched in 2019 -- customer numbers increased by 36 percent from the previous financial year. "The launch of the holidays unit has come at the right time with cost-conscious consumers searching for value packages," said Richard Hunter, head of markets at investment platform Interactive Investor. "The family holiday remains almost sacrosanct and
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