Easyjet posts record profit

Airline Easyjet delivered profits of £201.9 million today after flying 37

Airline Easyjet delivered profits of £201.9 million today after flying 37.2 million passengers in the year to September 30th.

The record figure, which was 56 per cent higher than a year earlier, came as the group managed to curb costs at a time of rising fuel charges and the doubling of air passenger duty for UK customers.

It grew revenues by 11 per cent to £1.79 billion in the period, with passenger numbers up by 13 per cent on last time.

Today's figure includes a one-off benefit of £10.6 million from the group's investment in the UK's air traffic control company. Without this, group underlying profits increased 48 per cent to £191.3 million.

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Easyjet said it expected the figure to be around 20 per cent higher in the current financial year, with the situation on fuel costs set to remain challenging.

The company, Europe's fourth largest airline, added eight new destinations and 46 routes in the financial year, taking its flying programme at the end of September to 289 routes through 77 airports and 21 countries.