EasyJet guides to annual profit growth of between 7 and 14%

British airline EasyJet guided to annual profit growth of between 7 per cent and 14 per cent, putting it on track at the mid-point to meet analyst forecasts for a 10 per cent rise.

Easyjet’s guidance, its first on its full-year outcome, comes after Europe’s second-biggest budget carrier had in May flagged headwinds from competitive pricing pressure and the cost of an air traffic control strike in France.

The airline said on Wednesday that its revenue per seat performance in its fiscal third quarter was better than it had forecast in May, helped by higher demand for beach routes across Europe.

EasyJet said that it expected full-year pretax profit for the 12 months to the end of September in the range of £620 million (€884 million) and £660 million, compared with a company-supplied consensus forecast of £638 million from a poll of 24 analysts.

Reuters