EasyJet Annual Profit Flies Higher Thanks To Holidaymakers [Barron's]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
corporate.easyjet.com/investors.aspx
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Source: Barrons
The carrier that flies mainly in Europe said profit after tax climbed nine percent to £494 million ($648 million) in the 12 months to the end of September, compared with its previous financial year. Advertisement - Scroll to Continue Revenue climbed nine percent to £10.1 billion, as passenger numbers increased four percent to 93.4 million. "EasyJet holidays continues to perform strongly, achieving a profit-before-tax of £250 million," the company added in its earnings statement. Revenue from holidays jumped 27 percent to £1.44 billion in the latest reporting period. "EasyJet's full-year numbers landed slightly ahead of market expectations as the airline delivered another strong summer for sunseekers," noted Aarin Chiekrie, equity analyst at Hargreaves Lansdown. Advertisement - Scroll to Continue "The package holiday arm delivered another period of impressive growth" and "lower oil prices have been a big help...given they account for such a significant chunk of airlines'
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