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Beach holidays boost profit forecast for Easyjet


Beach holidays boost profit forecast for Easyjet


Beach holidays have boosted the annual profit growth forecast for Easyjet. The low cost airline predicts a growth of seven to 14 percent for the year to the end of September. That puts the company on track to meet analyst forecasts for a 10 percent rise.

Revenue performance in the three months to the end of June was better than predicted helped by increased demand for flights to southern European resorts such as Malaga, Alicante and Faro.

The strength of sterling against the euro has also proved a boost.

But Easyjet did warn it faced a series of uncertainties in the future citing the crisis in Greece as one.

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