EasyJet profits soar 21% to €89m

CARRIER easyJet had positive news for the low-cost airline sector yesterday when it announced pre-tax profits of £62 million (€89m) - a 21% increase on the previous year.

But it also warned of uncertain times ahead and predicted “intense” competition from rivals such as Ryanair.

Revenues for the 12 months to September went up 17% to £1.1bn (€1.6bn) on the back of stronger passenger numbers, which were 20% ahead, and a greater ability to fill empty seats. The airline’s load factor, which measures the percentage of available seats sold, edged up from 84.1% to 84.5%.