easyJet raises profit forecasts

City A.M. Reporter
Low-cost airline easyJet said this morning it expected to report a pre-tax profit of between £310m and £320m for the year to end September, boosted by travellers booking last-minute summer holidays.

It previously expected to report between £280m to £300m over the year.

"Following the end of the Olympic Games, demand from London increased towards the upper end of expectations with the late market and beach routes performing particularly well," said chief executive Carolyn McCall.

She added that the carrier was "well placed to continue to succeed" despite a European economic outlook which she called "highly uncertain".