EASYJET are relaunching their package holidays by the end of this year following the collapse of Thomas Cook earlier this year.
The airline hopes to fill the gap left by the holiday provider, despite their own falling profits.
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EasyJet announced a 26 per cent fall in pre-tax profits to £427 million for the 12 months to September 30.
Although revenues jumped by 8.3 per cent to £6.4 billion due to increased capacity.
The airline said it hopes to make progress in 2020 through the launch of easyJet Holidays before Christmas, which it says will offer beach and city holidays through easyJet’s network.
Chief executive Johan Lundgren said: “EasyJet finished the 2019 financial year with a strong performance across the business and a record summer.
“I am really thrilled that with the launch before Christmas of our brand new easyJet Holidays business, we are bringing flexibility and excellent value to the holiday market.
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“We believe there is a gap in the market for a modern, relevant and flexible business for today’s consumer.”
They claimed that the strikes which affected British Airways and Ryanair, yet not easyJet, helped to give the airline a boost.
However, easyJet reported a drop in total revenue per seat by 1.8 per cent to £60.81, citing “uncertainty” surrounding Brexit as a reason.
Last month, easyJet announced plans to sell package holidays to Sharm el-Sheikh after the four-year flight ban to the Egyptian resort was lifted.
The airline also announced plans to become the “first major airline to operate net-zero carbon flights” as it pushes forward with a sustainability programme which will see it offset the carbon emissions from the fuel of all of its flights.
It said it will invest in forestry, renewables and community-based projects to offset its carbon impact.
The firm highlighted that it is “only an interim measure” while new technologies are being developed, including efforts to develop hybrid and electric planes.
EasyJet passengers can already buy flights for Autumn 2020 starting from just £30.
However, be careful about a ‘good’ Black Friday deal with booking flights – as airlines including Ryanair and easyJet have been found to cost more during the sale.
The airline scrapped their £16 booking fee earlier this year.
