Wedoany.com Report-Nov. 26, EasyJet reported a full-year headline operating profit of £703 million ($921 million) for the period ended September, exceeding the £669 million consensus forecast compiled by LSEG. The British low-cost carrier announced the results on Tuesday.

The company raised its medium-term target for easyJet holidays, its package-tour division, to £450 million in annual pretax profit by 2030 after achieving the previous £250 million goal this year. The high-margin holidays segment has become a key growth driver as customers increasingly favour all-in-one travel packages.

"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 in profit before tax," CEO Kenton Jarvis said in a statement.

Despite the stronger-than-expected profit, shares traded 1.8% lower by mid-morning, reflecting a nearly 3% decline in revenue per available seat kilometre and guidance indicating possible softer winter bookings. Analysts described the quarterly update as largely in line with expectations.

European airlines have faced varied performance in recent months due to rising operating costs and occasional air-traffic control disruptions, though demand for travel remains solid. Budget operators such as easyJet and Ryanair have generally navigated these challenges more effectively than some larger network carriers.

EasyJet operates an all-Airbus fleet powered by CFM engines, which has shielded it from widespread engine-maintenance delays that have affected competitors using Pratt & Whitney powerplants.

The airline confirmed in July that it anticipated continued profit improvement despite elevated fuel expenses and the earlier impact of French air-traffic control industrial action. The updated holidays target and overall financial guidance underline management's confidence in sustained expansion across both flight-only and package-tour operations in the coming years.