Menu
03/09/2015
easyJet Post Higher Profit Forecast
easyJet has increased its full-year profit forecast following better-than-expected trading in August.
The company's full-year profit, before tax, is now expected to be between £675m and £700m, as opposed to the previously expected £620m to £660m.
The figures come after the airline set a new load factor of 94.4% for the month of August. Passenger numbers for the month were 7.06 million. It was also the second successive month of over seven million passengers for easyJet.
easyJet said its strong revenue performance had more than offset the "significant" costs faced this year, including the impact of the two fires at Rome Fiumicino airport, a one-off £8m settlement with Eurocontrol and costs associated with higher load factors.
Commenting on the performance, Carolyn McCall, Chief Executive, easyJet, said: "These figures demonstrate the strength of easyJet – with its strong customer focus and its unique and winning combination of the best route network connecting Europe's primary airports, with great value fares, friendly service and industry leading digital innovations.
"This platform meant that easyJet was best placed to maximise the strong late summer demand from UK passengers to get away to beach and city destinations across Europe and will enable the airline to set new records for full year revenue and profit."
(JP)
The company's full-year profit, before tax, is now expected to be between £675m and £700m, as opposed to the previously expected £620m to £660m.
The figures come after the airline set a new load factor of 94.4% for the month of August. Passenger numbers for the month were 7.06 million. It was also the second successive month of over seven million passengers for easyJet.
easyJet said its strong revenue performance had more than offset the "significant" costs faced this year, including the impact of the two fires at Rome Fiumicino airport, a one-off £8m settlement with Eurocontrol and costs associated with higher load factors.
Commenting on the performance, Carolyn McCall, Chief Executive, easyJet, said: "These figures demonstrate the strength of easyJet – with its strong customer focus and its unique and winning combination of the best route network connecting Europe's primary airports, with great value fares, friendly service and industry leading digital innovations.
"This platform meant that easyJet was best placed to maximise the strong late summer demand from UK passengers to get away to beach and city destinations across Europe and will enable the airline to set new records for full year revenue and profit."
(JP)
Related UK National News Stories
Click here for the latest headlines.
07 May 2003
Budget airline easyJet reports £47m loss
Europe's largest low-cost airline, easyJet, has announced a loss of £47 million in the six months up to March this year. However, the loss was reported despite record revenues of £373 million for the first half-year.
Budget airline easyJet reports £47m loss
Europe's largest low-cost airline, easyJet, has announced a loss of £47 million in the six months up to March this year. However, the loss was reported despite record revenues of £373 million for the first half-year.
03 March 2014
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
UK Manufacturing Increased Last Month
The rate of manufacturing in the UK grew faster than expected in the month of February, new statistics have revealed. According to the Markit/CIPS Manufacturing Purchasing Managers' Index (PMI), employment within the sector is now expanding at its fastest rate in almost three years. Last month, the Index reached 56.9, up from 56.
27 March 2012
Allocated Seating To Be Tested By EasyJet
A common sight of the budget airline, the scramble for a seat, could becoming a thing of the past as easyJet have announced they are set to test allocated seating for passengers.
Allocated Seating To Be Tested By EasyJet
A common sight of the budget airline, the scramble for a seat, could becoming a thing of the past as easyJet have announced they are set to test allocated seating for passengers.
12 February 2004
easyJet confirms seven new routes to expanded Europe
As part an expansion programme, low-budget airline easyJet have announced seven new routes, three of which are completely new European destinations. The routes announced today by easyJet are: London Stansted to Basel and Ljubljana International; London Luton to Budapest International; London Gatwick to Naples, Ibiza, Faro and Prague.
easyJet confirms seven new routes to expanded Europe
As part an expansion programme, low-budget airline easyJet have announced seven new routes, three of which are completely new European destinations. The routes announced today by easyJet are: London Stansted to Basel and Ljubljana International; London Luton to Budapest International; London Gatwick to Naples, Ibiza, Faro and Prague.
26 June 2007
Henman sees off Moya
Tim Henman has seen off a determined Carlos Moya seeded 25 in a marathon nail-biting first round match at Wimbledon. The first set was suspended due to rain at 3-5 with Moya fighting his way back into the first set after a comfortable looking start for a confident looking Tim Henman. Play did not resume again until 6.
Henman sees off Moya
Tim Henman has seen off a determined Carlos Moya seeded 25 in a marathon nail-biting first round match at Wimbledon. The first set was suspended due to rain at 3-5 with Moya fighting his way back into the first set after a comfortable looking start for a confident looking Tim Henman. Play did not resume again until 6.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
