easyJet revenue up despite ash cloud chaos
Airline easyJet posted a 5.3 per cent rise in third-quarter revenue, despite disruption caused by volcanic ash, and said it would report an annual profit of at least £100m.
The airline, the biggest carrier at Gatwick airport, said sales rose to £759.2m in the three months to the end of June but that the ash cloud which spread across Europe in April had resulted in an eight per cent reduction in passengers during the period.
The ash-related disruption cost easyJet £65m but the airline stuck to its revised full-year pre-tax profit target of £100-150m said former Guardian Media boss Carolyn McCall, who replaced Andy Harrison as the airline’s chief executive this month.
Shares in easyJet have fallen 13 per cent in the last three months.