easyJet is holding a seminar for sell side analysts today to discuss the rapid growth of the easyJet holidays business. The event will be hosted by Garry Wilson, easyJet holidays CEO and Kenton Jarvis, easyJet’s CFO.
easyJet holidays claims to be capitalising on this opportunity to generate strong and growing returns while also taking market share from tour operators through its uniquely positioned business model which has a c.95% variable cost base.
The easyJet holidays business expects to make in excess of £35 million profit before tax in this financial year serving 1.1 million customers and is targeting +30% growth in customers for FY23. This is the first step towards the strategic goal of £100+ million profit before tax in the medium term.
Johan Lundgren, CEO of easyJet, 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 £100m+ profit target in the medium term.”