Easyjet’s Profits Climb

EasyJetUK low cost carrier Easyjet has reported a 21.5% rise in annual pre-tax profits and increased passenger numbers.
The airline’s profits were declared as £581m (US908$) for the 12 months to end of September, up from £478m (US$747m) in the previous year.
The airline which has 226 Airbus airliners, said its acquisition of Flybe’s Gatwick slots had improved its performance and helped to deliver a 7% increase in passengers.
Easyjet’s seat availability has risen by 5.1% to 71.5 million with a 91% load factor being achieved through carrying 64.8 million passengers.
Looking to the year ahead, Easyjet expects that costs per seat would increase by around 2.5% due to rising airport, navigation and maintenance charges, though an expected fall in fuel prices could reduce costs by up to £22m (US$34m) over the next six months.