EasyJet profits boosted by late summer sales
EasyJet claims end of year profits should be higher than predicted due to ‘better than expected’ late summer trading.
The low cost carrier said in its pre-close trading statement for the year to September 2012 that its pre-tax profit is expected to be between £310 million and £320 million compared with the previous expectation of between £280 million and £300 million.
After the Olympic games, the airline said demand from London increased with the late market and beach routes performing best.
Despite a third of seats already sold for the next quarter, the airline estimates the fuel bill rising by £30-40 million and exchange rate movements having a further £40-60 million negative impact in the 2013 financial year.
Passenger numbers were also up by 7.1% in 2012 compared to 2011.
Diane
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