EasyJet has been confirmed as a member of the elite FTSE 100 stock market listing.

Chief executive Carolyn McCall welcomed the elevation of the budget airline’s shares saying it reflected “the successful delivery of our strategy of sustainable growth and returns and our disciplined approach to capital allocation”.

She added: “EasyJet’s distinctive positioning of low fares with friendly service across Europe’s leading network is providing industry leading returns for our shareholders.

“EasyJet has a great team who are all pulling in the same direction in making travel easy and affordable for our passengers and we are well on our way to realising our ambition of becoming Europe’s favourite airline, delivering market leading returns.”