EasyJet profits climb as package holidays sell well despite price rises
PositiveFinancial Markets
- EasyJet has reported an increase in annual profits, driven by strong demand for its package holidays to popular destinations such as Tenerife and Lanzarote, despite facing challenges in its airline operations. The company has raised prices for its holiday packages by an average of 5%, bringing the average cost to £698.
- This development is significant as it indicates a robust recovery in the travel sector, suggesting that consumers are willing to spend more on vacations. It also reflects EasyJet's ability to adapt pricing strategies in response to market demand, potentially enhancing its profitability in the competitive travel industry.
— via World Pulse Now AI Editorial System