Jet has posted a 34% increase in annual profits after a strong summer 2024 season and is expecting a strong winter 2024/25 period.

EasyJet on Wednesday reported annual operating profit below market expectations as disruptions from the ongoing turmoil in the Middle East ate into its bottomline.

Strength at easyJet Holidays helped pre-tax profits rise 34% during the 12 months to September, to £610 million.

EasyJet shares increased by 2% on Wednesday as the low-cost airline reported a 34% increase in its pre-tax profits

EasyJet said on Wednesday that it expects its capacity to increase by 3% in fiscal 2025 after reporting a smaller-than-expected annual operating profit due to disruptions from the ongoing conflict in the Middle East.

EasyJet has revealed its results for the year ended 30 September 2024, recording a substantial rise in profit, boosted by robust summer travel demand. View on euronews

Profit and revenue rose in the full year for British low-cost airline group easyJet compared to the previous year. easyJet reported a profit before tax of £602 million ($759 million) for fiscal 2024,

EasyJet records 34% jump in annual profits - The carrier reported headline pre-tax profits of £610 million for the year to September 30, up from £455 million 12 months earlier.