EasyJet updated investors on its profit and full year 2024 outlook today with the airline announcing an improvement on earnings as it moves towards its medium term targets.
EasyJet delivered a 16% rise in year-over-year profit in its third-quarter as a result of strong summer travel demand.
The airline said in a trading update on Wednesday that more customers looking for budget holidays also provided a boost.
Profit before tax came in at £236m (€280m) for the three months ended 30 June, compared with £203m (€241m) reported a year earlier.
EasyJet said the outlook for its fiscal 2024 is positive.
Meanwhile, the low-cost airline’s revenue per seat for the quarter was up 1% and it said that trend is expended to continue into the fourth quarter.
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