easyJet’s annual forecast predicts rise in profits

By Bruno Reis

The British airline, easyJet, has announced its annual forecast predicts profit will sit at the higher end of its previous expectations.

The company had initially anticipated its annual profit would fall between £550mn (US$715mn) and £590mn ($767mn).

However, the carrier has revealed that its profit for the year ending 30 September will be between £570mn ($741mn) and £580mn ($754mn).

SEE ALSO:

This will be at least a 40% increase from the previous year’s figures, according to Reuters.

Due to recent strike action within competitors, easyJet has taken advantage of thousands of flight cancellations and disruptions.

The UK has also seen a rise in flight demand, boosting the firm’s profit.

The carrier confirmed it will provide its full-year results and additional information for its outlook for 2019 towards the end of November.

Share

Featured Articles

SAP creates new EMEA region and announces new President

SAP has announced it has appointed a new President for a newly-created EMEA region, aiming to make the most of the opportunities of cloud and AI technology

How SAP is facilitating continuous business transformation

Technology giant SAP has expanded its portfolio with the acquisition of LeanIX, a leader in enterprise architecture management (EAM) software

Siemens and Microsoft: Driving cross-industry AI adoption

To help businesses achieve increased productivity, Siemens and Microsoft are deepening their partnership by showcasing the benefits of generative AI

Sustainability must become central to corporate strategy

Sustainability

The endless benefits of putting your people first

Leadership & Strategy

Working from anywhere: SAP uncovers secret life of employees

Human Capital