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Flying high EasyJet profits soar

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Flying high EasyJet profits soar

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Easyjet pre-tax profit has soared by 51 percent to 570 million euros, driven by the introduction of allocated seats.

The airline said that the acquisition of Flybe’s slots at London Gatwick also boosted profits.

The low-cost carrier is sitting pretty with close to a 50 percent profit on each seat from 2012.

Shares have also taken off with a 6 percent leap as a result of a special dividend payout of 208 million euros to shareholders in addition to the regular annual dividend of 160 million euros.