easyJet shares jump after profit forecast increase
06.10.10
easyJet shares jumped by over 9% this morning after the airline increased its profit forecast. It said that pre-tax profits are likely to to be slightly ahead of £150m for the year to September 30. Previously it had indicated profits in range of £100m to £150m.
For the quarter to 30 September 2010, the airline said that total revenue per seat at constant currency is expected to be up by at least 6% compared to the same period last year. This reflects good performances across the network but particularly on UK to European beach and city routes.
easyJet also said that the cost of the volcano disruption is likely to be £60m, £5m less than previously indicated. Passenger numbers in September were 8.0% higher than for the same month last year.
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