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Easyjet reports record profits for fifth straight year Easyjet reports record profits for fifth straight year
(35 minutes later)
Easyjet has posted its fifth successive year of record profits, boosted by what the airline said were "favourable economic and consumer trends".Easyjet has posted its fifth successive year of record profits, boosted by what the airline said were "favourable economic and consumer trends".
Annual profits at the carrier, which has just celebrated its 20th birthday, jumped 18% to £686m.Annual profits at the carrier, which has just celebrated its 20th birthday, jumped 18% to £686m.
Revenues rose 3.5% to £4.68bn, with passenger numbers up 6% to 68.6 million in the year to end-September.Revenues rose 3.5% to £4.68bn, with passenger numbers up 6% to 68.6 million in the year to end-September.
The figures do not include any possible impact on Easyjet services to Egypt after last months's Russian jet crash.The figures do not include any possible impact on Easyjet services to Egypt after last months's Russian jet crash.
But the airline's chief executive Carolyn McCall said the trading outlook for the group as a whole was strong. But the airline's chief executive Carolyn McCall said in a statement that the trading outlook for the group as a whole was strong.
"Our outlook for the longer term is positive. We expect demand in our markets to be sustained and for Easyjet to continue to be a winner in its markets."Our outlook for the longer term is positive. We expect demand in our markets to be sustained and for Easyjet to continue to be a winner in its markets.
"We will see passenger growth of 7% a year, sustaining margins through rigorous cost control and the benefit of fleet up-gauging, resulting in positive profit momentum.""We will see passenger growth of 7% a year, sustaining margins through rigorous cost control and the benefit of fleet up-gauging, resulting in positive profit momentum."
After the downing of a Russian aircraft last month, killing all 224 people on board, the UK government suspended services to Sharm el-Sheikh airport pending a security review.
Ms McCall told the BBC Radio 4's Today programme that by the end of Tuesday all Easyjet passengers would have been brought back to the UK.
She said that increased airport security following the Russian jet crash, and attacks in Paris on Friday, was inevitable.
"It will take a little longer to get though airports, but I do not think that passengers will mind because it has to be safety-first," she said.
Separately, Easyjet's load factor, a key industry measure of how many seats are filled per flight, rose 0.9% to 91.5%.