EasyJet shares climb 5.4% on profit forecast

Basking in the late summer holiday splurge, easyJet raises its full-year profit forecast by up to £55m.

by Adam Gale

The warm, dry weather may be (long) gone, but the passing summer has kindly left two things to remember it by: a vicious plague of wasps and increased profits at budget airlines. Luton-based carrier easyJet raised its full-year profit forecast for the year to September 30 today to between £675m and £700m, up from £620m-£660m, sending shares up 5.4% to £17.62 by mid-morning.

Behind this cheery news is a late summer splurge in European holidays. Passenger numbers were up 6.8% to 7.06 million, making this the seventh consecutive month over 7 million, while the all important load factor rose 0.2% to a record 94.4%. On a rolling 12-month basis, easyJet has increased passenger numbers by 5.9% to 68.1 million.

The airline pointed to the strong pound (currently worth €1.36) convincing customers that a European break is worth it after all, though it might also be the result of real wages beginning to rise again.

Sign in to continue

Sign in

Trouble signing in?

Reset password: Click here

Email: mtsupport@haymarket.com

Call: 020 8267 8121



  • Up to 4 free articles a month
  • Free email bulletins

Register Now

Get 30 days free access

Sign up for a 30 day free trial and get:

  • Full access to managementtoday.co.uk
  • Exclusive event discounts
  • Management Today's print magazine

Join today