EasyJet expecting full-year profits - Gatwick Airport News

Airport news for Gatwick on 30/07/2009.

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According to the budget airline, it is on track to achieve underlying pre-tax profits of £25 million to £50 million for the current financial year, ending 30 September, despite the uncertain economic climate.

Passenger traffic increased by 2.9 per cent for the quarter, to 11.9 million; and there was a 12 per cent growth in the numbers of passengers originating on the continent.

The carrier’s total revenue per seat rose by nearly 11 per cent, to £51.42, which was up by 4.8 per cent on a constant currency basis. This has been partially attributed to Easter falling in the third quarter this year – as compared with 2008, when it fell in the second quarter.

Market share gains have been made throughout Europe, according to the airline, particular at Gatwick, Paris, Milan and Madrid airports.

A statement issued by easyJet indicated that over 75 per cent of its available summer seats have been book, but said that economic conditions continue to be uncertain and that August is an important month for bookings.

EasyJet chief executive Andy Harrison noted: “This has been a resilient third quarter and our position has continued to strengthen as we made market share gains across Europe.”

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