Upbeat easyJet revises profit guidance
Strong late summer demand has prompted easyJet to raise its profit guidance for the full year.
Thanks to record load factors and passenger numbers in August, the airline is now expecting to full-year pre-tax profit to reach £675 million to £700 million for the year to 30 September 2015, compared to the £620 million to £660 million previously expected.
The load factor for August was 94.4%, a new record for any month, while passenger numbers were 7.06 million, also a record and the second successive month of over 7 million passengers.
August and September are also been boosted by a 6% hike in capacity and a strong demand for beach routes from the UK.
The airline said the strong revenue performance more than offset the cost of disruption from the two fires at Rome Fiumicino airport, the one-off £8 million settlement with Eurocontrol and costs associated with higher load factors.
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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