Arab Today, arab today easyjet raises profit forecast sees record year
Last Updated : GMT 04:01:47
Arab Today, arab today
Arab Today, arab today

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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