easyJet grew group revenue to £10.106 billion in the financial year ended 30 September 2025 (FY25), while headline profit before tax rose to £665 million. But the improvement was driven by easyJet holidays: airline headline profit before tax was slightly lower than a year earlier, and airline revenue per seat kilometre declined. The latest available update is for the quarter ended 30 June 2026, not a full-year FY26 result.
What do easyJet’s FY25 headline results show?
easyJet plc’s FY25 Annual Report and Accounts reports group revenue of £10,106 million, up 9% from £9,309 million in FY24. Headline earnings before interest and tax (EBIT) increased 18% to £703 million from £597 million. Headline profit before tax (PBT) was £665 million, up 9% from £610 million.
Headline and statutory profit are different measures. Statutory PBT was £658 million in FY25, compared with £602 million in FY24; it should not be substituted for the £665 million headline figure. The investor’s FY25 summary also reported return on capital employed of 18%.
How did passenger volumes and capacity change?
The airline carried 93.4 million passengers in FY25, compared with 89.7 million in FY24. Its load factor—the share of available seats occupied—rose to 90% from 89%. Capacity increased to 104.0 million seats from 100.4 million, and easyJet served 1,202 routes.
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Available seat kilometres (ASK) measure seats offered multiplied by the distance flown. ASK rose 9% to 134,451 million, while average sector length increased 6% to 1,293 kilometres. The difference matters: capacity growth reflected longer average flights as well as the change in seat count.
Did airline revenue and costs improve per seat?
Not across the board. Revenue per available seat kilometre (RASK), a measure of airline revenue for each unit of seat capacity flown, fell 3% to 6.45 pence from 6.65 pence. Cost per available seat kilometre (CASK) excluding fuel declined 1% to 4.46 pence, while total CASK fell 3% to 6.14 pence.
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In other words, easyJet expanded capacity and carried more passengers, but earned less revenue per unit of capacity. Unit costs also fell, which helped offset that pressure. The annual report attributes some revenue dilution to longer sectors and investment in capacity, particularly during the winter half. RASK and CASK are airline measures; they should not be read as the economics of the holidays business.
What drove the increase in group profit?
The airline and easyJet holidays contributed different year-on-year results. Airline headline PBT was £415 million in FY25, versus £420 million in FY24. easyJet holidays headline PBT rose to £250 million from £190 million. The group’s £55 million increase in headline PBT therefore came from holidays, while airline PBT was broadly flat and slightly lower.
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easyJet holidays served 3.1 million customers, up from 2.6 million, and reported revenue of £1,440 million versus £1,137 million. The annual report gives growth of 27% in revenue and 32% in headline PBT. Its medium-term PBT target was reached ahead of schedule; the FY25 investor results page states a revised target of £450 million by FY30. Holidays customer totals include customers booked through agents, according to the annual report.
What does easyJet report about operational performance?
The company reported that on-time performance improved significantly, attributing the change to increased crewing, attention to turnaround times and schedule simulation. Its FY25 investor summary puts on-time performance at 72%, up 3 percentage points year on year, and customer satisfaction at 80%, up 4 points. These are company-reported measures, not an independent ranking.
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What do the FY25 emissions figures mean?
easyJet’s FY25 Annual Report reports well-to-wake greenhouse-gas intensity from aviation fuel of 861 grams of carbon-dioxide equivalent per revenue tonne kilometre (gCO2e/RTK). That intensity improved 2.2% from FY24 and was 7.7% below the FY19 baseline. The company’s interim target is to reduce emissions intensity per RTK by 35% by FY35 from FY19; the report says the target was validated by the Science Based Targets initiative.
Intensity improvement does not mean total flight-fuel emissions fell. Scope 1 flight-fuel emissions were 8,701,928 tonnes of CO2e in FY25, up 7% year on year. The report attributes the increase to a 9% rise in ASKs. It also attributes the improved carbon-intensity outcome to nine additional NEO aircraft and operational-efficiency initiatives. The company’s roadmap identifies airspace modernisation and sustainable aviation fuel supply as risks.
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What is the latest FY26 update?
The latest available investor update covers the quarter ended 30 June 2026 (FY26 Q3). It is a single-quarter update, so its figures are not FY26 full-year results and should not be compared directly with FY25 totals.
- Q3 headline PBT was £85 million, compared with £286 million in Q3 FY25.
- The airline carried 25.8 million passengers, with an 88.9% load factor, down 1 percentage point year on year.
- Year-to-date on-time performance was 78%, up 2 percentage points.
- ASK capacity grew 3% year on year; RASK fell 3%, while headline CASK excluding fuel rose 3%.
The FY26 Q3 figures give a newer but narrower snapshot than the FY25 annual results. They show continued capacity growth alongside lower unit revenue and higher headline unit costs excluding fuel for the period reported.
Quick Recap
Sources
- easyJet FY25 Annual Report and Accounts 2025 and investor results information
- easyJet FY25 results summary and FY26 Q3 update
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