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Easyjet raises profit forecast

Thursday, 3 October 20133 min read

EasyJet has pushed up its profit expectation for the year ending September 30.

The airline had previously given a profit guidance of between £450 million and £480 million, but has now revised this to £470 million to £480 million.

It said revenue per seat at constant currency for the six months to 30 September 2013 is expected to grow by around 6% thanks in part to strong demand in July and August.

This is despite the political unrest in Egypt and the £25 million adverse impact in the second half of the year from the timing of Easter.

EasyJet said over a quarter of seats in the first half of the year ending 30 September 2014 have now been sold, in line with last year.

Chief executive Carolyn McCall said: "EasyJet has delivered a strong performance in the last 12 months due to management action to generate value to our customers and maintain a tight control of costs combined with an unusually benign capacity environment."

The airline will publish its full year results on November 19.