Late season flourish to boost easyJet earnings

Late season flourish to boost easyJet earnings

Luton-based low-cost airline easyJet has released robust predictions for the financial year following strong post-Olympics trading.

With many Brits delaying holidays until after the games, the carrier has raised profit expectations for the year to September 30th to between £310 million and £320 million.

This is better than the upwardly revised guidance of between £280 million and £300 million issued in July.

At the time the airline said it was braced for a fall in demand for flights during the Games.

However, a late season travel flourish and minimal disruption at London airports during the Games reduced the impact on the bottom line.

The company added: “easyJet is pleased to confirm that there were very low levels of disruption through this critical summer period ensuring improved on-time performance and continued high levels of customer service.”

Steps to protect its performance during the Games included improved crew and control centre staffing levels and daily Olympics meetings.