The airline reported a profit of £7m in the six months to 31 March, compared with losses of £53m last year.
Total revenue per seat increased by 2.6% compared with last year, stripping out movements in currencies.
Airlines tend to incur losses in the winter, and make most of their profits during the summer.
"The
profit in the half reflects the delivery of our customer focused
revenue initiatives and a strong finish to the ski season as well as the
benefit we received from the lower fuel price and favourable foreign
exchange movements," said Easyjet chief executive Carolyn McCall.
"As
we enter the important summer season forward bookings are in line with
last year and as we predicted passengers are benefiting as fares fall to
reflect a more competitive operating environment and lower fuel costs."
She
told the BBC's Today programme that low fuel prices had been
"enormously helpful" in the first half and that foreign exchange
movements had gone in Easyjet's favour. However, she warned that
currency movements will "go against us in the second half".
The carrier was benefiting from passenger loyalty, Ms McCall said.
"There is an element here of repeat customers, so 58% of customers are rebooking, and 62% of business passengers are rebooking."
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