LONDON (Reuters) -British carrier easyJet reported better-than-expected full-year operating profit on Tuesday and upgraded its medium-term target for its holidays business after meeting the target early.

European airlines have reported mixed results in the final quarters of the year as the struggle to mitigate spiraling costs and negative repercussions from air traffic control strikes continues to weigh on their balance sheets, despite strong demand.

Low-cost carrier easyJet's headline operating profit for the financial year ended September grew to 703 million pounds ($921.14 million), above the 669.37 million pounds projected by analysts polled by LSEG.

easyJet holidays, the company's high-margin package holiday arm, is now expected to log 450 million pounds in pretax profit by 2030.

($1 = 0.7632 pounds)

(Reporting by Joanna Plucinska in London and Yamini Kalia in Bengaluru; Editing by Subhranshu Sahu)