EasyJet is looking to offset falling profits by moving into the package holiday market, saying it was already eyeing this field even before the demise of Thomas Cook.

It describes its new offering promises as more “modern, relevant and flexible”, and it is looking to increase the number of its 20 million customers currently booking accommodations through EasyJet above the current half-million. The service will launch officially closer to Christmas.

EasyJet used its results announcement this week, which showed profits down 3.4% for the year to 30 September -although revenue was up, to reveal plans to offset the carbon emissions from the fuel used for all of its flights, starting immediately.

Read more: