EasyJet flies in record profits - but stays schtum on terror

Even a 22% dividend increase wasn't enough to placate shareholders.

by Rachel Savage

EasyJet was determined not to let terrorist attacks rain on its parade today, announcing record full-year profits without any mention of the fallout from the Russian plane explosion over Egypt or the Paris tragedy.

The budget carrier’s pre-tax profits soared 18.1% to a record £686m in the year to September 30. That was pretty much bang in the middle of its £675m-£700m forecast, but a shade below the £689m average analyst prediction.

The 20-year-old tango airline’s sales rose a more modest 3.5% to £4.7bn, or 6.5% stripping out currency swings. The majority of that was down to a 5% increase in capacity to 75 million seats.

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