EASYJET SHARES SOAR ON REVENUE GROWTH

Dino D'Amore
By Dino D'Amore July 26, 2011 11:48

EASYJET SHARES SOAR ON REVENUE GROWTH

Share in low cost carrier easyJet shares soared yesterday after the airline reported a surprise 23% growth in revenue to £935m in the third quarter and predicted annual profits ahead of forecasts. easyJet’s predicted pre-tax profit would be between £200m and £230m –ahead of analysts’ expectations of £180m.

Carolyn McCall, easyJet’s chief executive, credited the results on her strategy to focus on flights from major European cities to attract business customers. She also stated that 75% of summer seats were already booked but warned the airline was still under pressure from high fuel prices and a rocky economy.

EasyJet shares rose 55.3p, or 18% to 368p.

Dino D'Amore
By Dino D'Amore July 26, 2011 11:48
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Feasyjet-shares-soar-on-revenue-growth%2F"> registered </a> users can comment.