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easyJet reports record full-year profit

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LCC happy at London Gatwick, France, Switzerland

Another major European budget carrier reports a profit. easyJet has posted a record pre-tax full-year profit of £317 million (€394 million) for the year ended September 30, an increase of 27.9% from the previous financial year. This is despite a £182 million rise in unit fuel costs. Minus tax, profit was £255 million, up from £225 million the previous year.
Revenue was up 11.6% to £3.85 billion, total revenue per seat up 5.9% to £58.51. The airline said there was strong traffic throughout the network except for Spain. It is especially happy with routes from London Gatwick, France and Switzerland.
In related news, easyJet announced that it will fly a Manchester-Moscow service from next spring. The carrier announced it had won the rights to operate flights between London Gatwick and Moscow in October.
ATW / TTG Digital

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