Tuesday, 19 November 2013

Easy Jet Profits Take Off

Easyjet saw a 51% rise in yearly pre-tax profits to £478m, partly thanks to the introduction of allocated seats. Allowing passengers to book their seats had had a big impact on profitability which has boosted shares by almost 6%. Easyjet said 60.8 million passengers flew with it during the year ending 30th September. What would this indicate about the market structure of airlines?