Go

has announced that full-year operating profits are up 300%.

Operating profits in the year to the end of March were £17 million, up from £4.2 million last year. Turnover was up 46% to £233.7 million and passenger numbers increased by 55% to 4.27 million.

 

Go experienced a 20% drop in passenger numbers immediately after September 11, but bookings recovered steadily afterwards.

 

Commenting on the results, Chief executive Barbara Cassani
said: “These are tremendous results for Go. This strong performance, continuing month over month, is reflected in April`s traffic figures, with a 79% increase in passengers year-on-year.”

 

She added: “I am proud of everyone at Go for building such a successful business.”

 

The company is currently at an advanced stage in talks

with easyJet over a possible takeover.

Related stories on ITN:

(08/04/2002) easyjet in Talks to Acquire Go

 

(08/04/2002) Go brings low fares to travel agents via Galileo

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