Latest news with #packageholidays
Yahoo
22-05-2025
- Business
- Yahoo
EasyJet records ‘slight improvement' in half-year financial results
EasyJet reported a headline pre-tax loss of £394 million for the six months to the end of March. That is compared with losses of £350 million a year ago, but represents a 'slight improvement' of about £50 million when the later timing of Easter this year is taken into account, the airline company said. Seasonal demand for air travel means airlines often record losses in the winter followed by profits in the summer. EasyJet said the number of passengers it carried in the first three months of the year was 18.2 million, up 8% compared with a year ago. Its package holiday arm recorded pre-tax profits of £44 million for the six months to March 31. That is a 42% increase year-on-year. Sign in to access your portfolio
Irish Times
14-05-2025
- Business
- Irish Times
Irish people to spend €530m on package holidays
Irish people could spend almost €530 million on package holidays this year, official figures show. State regulator the Irish Aviation Authority (IAA) licensed 79 travel agents and eight tour operators this month as the industry geared up for its busiest period of the year. Based in information submitted by travel agents, the IAA estimates their total turnover this year will hit €529.4 million, which indicates the amounts they believe customers will spend buying package holidays. The spend is slightly ahead of the €524.2 million that the industry forecast 12 months ago. READ MORE While the figures do not indicate which destinations Irish people favour, recent surveys show that sun holidays continue to top the list. Travel agent Click&Go's last round-up of holidaymakers' plans showed that six out of 10 Irish people intended to seek warm weather this summer. [ Package holidays are back. Here's why Opens in new window ] Its survey found that cruises were next best, followed by city breaks and then the United States. Most Irish people intend travelling abroad at some point. The IAA's calculations are tied to the bonds that travel agents must have in place to protect travellers should their businesses fail. Tour operators' revenues should reach €3.9 million this year, a sharp increase on the €3 million estimated for 2024. The authority holds two licensing rounds a-year in spring and autumn. It advises people not to book holidays with agents that are not licensed.
The Independent
13-05-2025
- Business
- The Independent
Travel firm expects ‘biggest ever summer' after surge in package bookings
On the Beach is riding the wave of a booming demand for package holidays and is expecting its biggest summer booking season yet. The travel group anticipates another record year of sales, boosted by a surge in bookings. In the first half of its financial year, the company reported a 13 per cent year-on-year increase in sales by total transaction value (TTV), reaching £640.7 million. This was driven by an 11 per cent increase in the volume of bookings over the period, which has risen to 18 per cent since the beginning of April, it said. Summer sales are currently 14 per cent higher than last year, as people secure getaways to destinations in Europe. The Manchester-based company reported a pre-tax profit of £3.3 million for the first half of its financial year, up 18 per cent on the prior year. On The Beach said that demand for package holidays was continuing to 'buck wider UK consumer trends', indicating that the travel industry has been more cushioned from a wider spending slump affecting sectors such as retail and hospitality. Customers continue to 'prioritise travel', chief executive Shaun Morton said, adding that the company was 'well placed to deliver our biggest summer to date'. New city break packages were 'scaling rapidly and being enjoyed by both new and existing customers', he said, bringing the total number of short and long-haul cities to 130. The group also said it was reaching new customers after expanding into Ireland.
The Independent
13-05-2025
- Business
- The Independent
On The Beach ready for ‘biggest summer' after surge in package holiday bookings
On The Beach is preparing for its biggest summer of bookings as demand for package holidays booms and people continue to 'prioritise travel' over other spending. The travel group said it is expecting to see another record year of sales. Over the six months to the end of March, sales by total transaction value (TTV) surged to £640.7 million, 13% higher than the same period a year ago. This was driven by an 11% increase in the volume of bookings over the period, which has risen to 18% since the beginning of April, it said. Summer sales are currently 14% higher than last year, as people secure getaways to destinations in Europe. The Manchester-based company reported a pre-tax profit of £3.3 million for the first half of its financial year, up 18% on the prior year. On The Beach said that demand for package holidays was continuing to 'buck wider UK consumer trends', indicating that the travel industry has been more cushioned from a wider spending slump affecting sectors such as retail and hospitality. Customers continue to 'prioritise travel', chief executive Shaun Morton said, adding that the company was 'well placed to deliver our biggest summer to date'. New city break packages were 'scaling rapidly and being enjoyed by both new and existing customers', he said, bringing the total number of short and long-haul cities to 130.
