BREAKING NEWS

BREAKING NEWS

EasyJet shares lifted by Air France strike action

 Comments
Now Reading:

EasyJet shares lifted by Air France strike action

EasyJet shares lifted by Air France strike action
Text size Aa Aa

British airline easyJet has raised its profits forecast but spurred shareholders hopes of a lucrative reward.

It expects to report a pretax profit in the range of 740 million euros, as much as 6 percent more than guidance given in July.

The firm still plans to give shareholders a 40 percent pretax profit, above the previous one-third distribution.

The low-cast carrier has reaped higher revenues thanks to a strike by Air France which saw thousands of customers switch.

EasyJet is set to announce its full-year results on Nov 18.