Online operator boosts airline’s profits as it expects to carry 1.1m holidaymakers this year
EasyJet claims tour operator division is the fastest growing holiday company in the UK
EasyJet holidays is on course to make profits of more than £35 million this year as it targets 30% customer growth in 2023.
The UK budget airline’s in-house tour operation expects to carry 1.1 million holidaymakers this financial year.
This is the first step towards the strategic goal of £100 million-plus pre-tax profit in the medium term, the company told City analysts in an update.
EasyJet holidays is capitalising on the airline’s European leisure network as an opportunity to generate “strong and growing returns” while also taking market share from rival tour operators.
This is being achieved through its “uniquely positioned” business model which has a 95% variable cost base.
The presentation to discuss the “rapid growth” of the easyJet holidays business was being hosted by the operator’s chief executive Garry Wilson and the airline’s chief financial officer Kenton Jarvis.
EasyJet chief executive Johan Lundgren said: “EasyJet holidays was created to meet the demand from our customers for package holidays to destinations they know and love in our network.
“It has become the fastest growing holiday company in the UK and our unique business model is delivering with easyJet holidays well on track to achieve our £100 million-plus profit target in the medium term.”