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Easyjet expands as profits soar Easyjet expands as profits soar
(40 minutes later)
Easyjet has reported a 56% rise in annual profits, helped by a growth in passenger numbers and new routes.Easyjet has reported a 56% rise in annual profits, helped by a growth in passenger numbers and new routes.
The low-cost carrier made a pre-tax profit of £129m in the year to the end of September - despite the big rise in fuel costs.The low-cost carrier made a pre-tax profit of £129m in the year to the end of September - despite the big rise in fuel costs.
Passenger numbers for the year were up 11.5% to 33 million.Passenger numbers for the year were up 11.5% to 33 million.
The airline which lost about £4m during terror alerts in August, also said it was buying 52 new Airbus A319 planes taking its order to 104 aircraft. The airline, which lost £4m because of security alerts in August, also said it was buying 52 new Airbus A319 jets, taking its order to 104 planes.
Its current fleet has 122 planes, flying on 282 routes on a network of 74 airports and 21 countries. The new aircraft will be delivered between 2008 and 2010. Easyjet also secured the option to buy up to 75 A320 planes.
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Easyjet's current fleet has 122 planes, flying on 282 routes on a network of 74 airports and 21 countries.
The airline said its fuel bill had increased by 33% over the year - the equivalent to £2.48 for each seat on a flight.The airline said its fuel bill had increased by 33% over the year - the equivalent to £2.48 for each seat on a flight.
Chief executive Andy Harrison said that the Easyjet fleet - with an average age of 2.2 years - meant the carrier produced about 30% less emissions per passenger kilometre than other traditional airlines flying similar routes.
"We welcome the Stern Review, which says that aviation accounts for just 1.6% of greenhouse gas emissions, and we have long campaigned to bring aviation into the European Emissions Trading System as soon as possible," he said.