EasyJet claims end of year profits should be higher than predicted due to ‘better than expected’ late summer trading.
The low cost carrier said in its pre-close trading statement for the year to September 2012 that its pre-tax profit is expected to be between £310 million and £320 million compared with the previous expectation of between £280 million and £300 million.
After the Olympic games, the airline said demand from London increased with the late market and beach routes performing best.
Despite a third of seats already sold for the next quarter, the airline estimates the fuel bill rising by £30-40 million and exchange rate movements having a further £40-60 million negative impact in the 2013 financial year.
Passenger numbers were also up by 7.1% in 2012 compared to 2011.
