TravelMole
Air

Easyjet expects increased profits

Thursday, 22 September 20113 min read

Easyjet has announced it could make pre-tax profits of £250 million this financial year, ending 30 September 2011.

The airline, which previously predicted profits of £200-230 million, puts the increase down to strength on its city routes, cost controls and improved operational performance.

In its pre-close statement, Easyjet said it would pay an ordinary dividend of about £40 million (or 9 pence per share).

In addition the Boards expects to recommend a ‘special dividend’ of £150 million to shareholders.

By Diane Evans