Britain's easyJet on Thursday reported third quarter trading in line with e...
) on Thursday reported third quarter trading in line with expectations, boosted by more customers taking optional extra services and enabling it to reiterate its full-year profit forecasts.
EasyJet said revenue for the quarter ending June 30 increased by 11.4% to 1.8 billion pounds, driven by more bookings, initiatives to optimize its pricing and more ancillary revenue from additional services such as allocated seating and luggage check-ins.The robust trading, at a time when many the industry are struggling, comes despite a general softening of demand due to tougher economic conditions across Europe as well as Brexit-related consumer uncertainty in Britain, it said.
The airline said it expected to deliver a profit before tax of between 400 million and 440 million pounds, in line with market expectations, and Lundgren said that second-half forward bookings were at 78%, giving the airline better visibility.
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