Easyjet annual profit soars on keen holiday demand

17th November 2015, Comments 0 comments

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

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