Easyjet annual profit soars on keen holiday demand
British no-frills airline Easyjet said Tuesday that annual net earnings jumped more than a fifth, buoyed by keen demand for city break holidays and business travel, alongside lower fuel costs.
Profits after taxation rallied 22 percent to £548 million ($833 million, 777 million euros) in the year to the end of September, compared with 2013/2014, Easyjet said in a results statement.
Pre-tax profit meanwhile leapt 18 percent to a record £686 million, rising for the fifth year in a row. That was in the middle of the group's forecast range.
Passenger numbers rose six percent to 68.6 million people, and revenues swelled 3.5 percent to £4.686 billion.
"Our markets are strong, with favourable economic and consumer trends," the airline said in the statement.
"Our core leisure customer is part of a market that is growing strongly every year as people take more holidays and city breaks, complemented by a business travel market that prizes both flexibility and value."
© 2015 AFP