Low-cost carrier easyJet has reported a better-than-expected FY operating profit, due for the most part because of an increase in demand for the airline’s package holidays.

The headline operating profit for the financial year ended September grew to £703 million (€800.4 million), above the £669.37 million projected by analysts polled by LSEG.

easyJet holidays, the company’s high-margin package holiday arm, is now expected to log £450 million in pretax profit by 2030, having hit its previous medium-term target of £250 million this year.

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“We are well placed to seize the significant opportunities ahead, and we are confident in achieving our medium-term goal of delivering over 1 billion pounds in profit before tax,” chief executive Kenton Jarvis said in a statement.

The airline, which celebrated twenty five years since flotation earlier this month, has bucked the overall trend of European carriers in 2025 -– most of which have suffered due to external factors including  strikes, ATC issues, rising costs and a growing legislative burden.

Some carriers, such as rival LCC Wizz Air, have been dogged by issues with Pratt & Witney GTF engines. easyJet has escaped this by using CFM LEAP-1A jet turbines on its all-A320 fleet.