Arab Today, arab today easyjet raises profit forecast sees record year
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easyJet raises profit forecast, sees record year

Arab Today, arab today

Arab Today, arab today easyJet raises profit forecast, sees record year

London - AFP

British no-frills airline easyJet on Wednesday predicted record high earnings after raising its forecast for full-year profits after a better-than-expected summer performance and despite rising fuel costs. The board expects pre-tax profit for the 12 months ending September 30 of between £310 million and £320 million ($499 million and $515 million, 387 million euros and 399 million euros), easyJet said in a trading statement. The previous forecast had stood at £280 million-£300 million, easyJet said in a trading statement. \"EasyJet has had a strong summer performance, which has enabled us to deliver another good year of returns and growth for our shareholders,\" group chief executive Carolyn McCall said in a statement. She added that easyJet would deliver \"its highest ever pre-tax profit for the financial year ending 30 September 2012, despite absorbing an additional £230 million in fuel costs.\"

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