Easyjet raises profit forecast
EasyJet has pushed up its profit expectation for the year ending September 30.
The airline had previously given a profit guidance of between £450 million and £480 million, but has now revised this to £470 million to £480 million.
It said revenue per seat at constant currency for the six months to 30 September 2013 is expected to grow by around 6% thanks in part to strong demand in July and August.
This is despite the political unrest in Egypt and the £25 million adverse impact in the second half of the year from the timing of Easter.
EasyJet said over a quarter of seats in the first half of the year ending 30 September 2014 have now been sold, in line with last year.
Chief executive Carolyn McCall said: "EasyJet has delivered a strong performance in the last 12 months due to management action to generate value to our customers and maintain a tight control of costs combined with an unusually benign capacity environment."
The airline will publish its full year results on November 19.
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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