The move came in response to scores of people who took to Twitter to vent their anger at the apparent attempt to poke fun at the Kentish seaside resort.
One resident who calls herself @seasidelandlady tweeted: "How VERY dare you talk about OUR town like that, you can keep your cheap trips, and cheap jibes."
Local resident and councillor, Will Scobie, said Margate is a "fantastic town for people to visit" and pointed out it had "just been named as one of the top 10 places in the world to visit".
EasyJet apologised and confirmed it had stopped running the ads.
easyJet plane makes emergency landing after oil leak
An easyJet plane made an emergency landing after an oil leak forced its pilot to shut down an engine, the airline announced today.
The Airbus A319 was carrying 151 passengers and crew from Geneva to Edinburgh on Monday when the pilot made the decision to shut down the engine.
File photo of an aeroplane from the easyJet fleet. Credit: Press Association
The plane then landed at Luton Airport "as a precaution", the airline said.
A spokeswoman for the airline added: "easyJet can confirm that flight EZY6908 flying from Geneva to Edinburgh diverted to London Luton Airport due to a technical issue.
"The captain took the decision to divert as a precaution only. The safety of its passengers and crew is easyJet's highest priority."
She added that the passengers were flown to Edinburgh on a different plane.
EasyJet announces travel deal with Houses of Parliament
Lowcost airline easyJet has announced a deal with the Houses of Parliament which will aim to provide MPs, peers and Government ministers with affordable travel in a bid to save money for taxpayers.
The year-long deal comes into effect from today and will aim to reduce MPs travel costs. Credit: Barry Batchelor/PA Wire
The year-long deal, which comes into effect from today, will aim to deliver low cost, flexible fares.
Carolyn McCall, chief executive of easyJet, said: "We believe this new deal will not only help give MPs and Peers easy and affordable travel but will also safeguard the taxpayers’ purse.
"We know that many MPs, peers and Government ministers already fly with easyJet. This deal will make it easier and more cost effective than ever before. We are sure they will vote with their feet and travel with easyJet across Europe".
