Summer sales boost for easyJet
FTSE 100 budget airline easyJet has said it will hit the very top of its annual profit forecast thanks to a busy summer.
It comes just a month after arch-rival Ryanair claimed the August heatwave had caused it turbulence, forcing it to issue a profits warning.
Yet easyJet said it earned an extra 6% in revenue per seat during the six months to October, driven by strong demand in July and August.
It's a stark contrast with the picture at Ryanair, whose shock profits warning last month sent shares crashing 14%. By contrast, easyJet yesterday said it saw a 4.8% rise in passenger numbers during September, with the most popular destinations being Palma, Alicante, Faro and Malaga alongside Barcelona and Amsterdam.