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Last Updated: Tuesday, 20 November 2007, 07:38 GMT
Profits soar at expanding Easyjet
Easyjet plane taking off
Easyjet is expanding rapidly
Easyjet has seen annual pre-tax profits rise after carrying 37.2 million passengers in the year to 30 September.

The Luton-based carrier said profits were up by 56% to 201.9m ($431m; 294m euros), with its load factor - which shows how full flights are - at 84%.

In the past year Easyjet added eight destinations and 46 routes, bringing its network to 289 routes, using 77 airports in 21 countries.

But it said rising oil prices meant the "fuel environment remains challenging".

However, the airline said high fuel costs would be partly offset by the weak dollar.

'Fourth largest'

Andy Harrison, Easyjet chief executive, said: "Despite challenging conditions, revenue, profit and return on equity have all shown strong improvements reflecting the success of our focus on low cost with care and convenience.

"At the same time as driving the financial performance of the business, our now well established management has also expanded Easyjet's network and fleet, which carried over 37 million passengers in the year, making the airline the fourth largest in Europe."

The figures do not include the proposed purchase of GB Airways, which was announced in October.

Easyjet said it expected to complete the 103.5m purchase of the airline by 31 January 2008.



VIDEO AND AUDIO NEWS
Expanding networks help Easyjet profits surge



SEE ALSO
Cost rise hampers Easyjet profits
07 Aug 07 |  Business
Easyjet to charge for all luggage
03 Aug 07 |  Business
Easyjet knocks air passenger duty
07 Feb 07 |  Business
Air tax increase comes into force
01 Feb 07 |  Business

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