Summary
EASYJET, the budget airline, has shrugged off the challenge of soaring fuel costs to notch up a 9per cent rise in annual profits, as it benefited from new routes, rising fare prices, and cost cuts.
Shares in the Luton-based company hit a 20-month high after it forecast a similar earnings increase in the current financial year through more cost-cutting and by earning more from non-ticket products.See the full content of this document
Extract
Easyjet Shares Take Off After 9per Cent Rise in Profits
Ray Webster, easyJet's chief executive who is due to retire next month, said costs per seat were expected to fall by 3per cent to 5per cent before fuel in...
See the full content of this document
Sponsored links
