EasyJet profits flying high as beach holidays soar

EasyJet, headed by chief executive Carolyn McCall, is expected to post record annual pre-tax profits for the fifth year in a row. Picture: Jane Barlow
EasyJet, headed by chief executive Carolyn McCall, is expected to post record annual pre-tax profits for the fifth year in a row. Picture: Jane Barlow
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LOW-COST carrier EasyJet is expected to reveal this week that holidaymakers’ rising dem­and for beach breaks and ski weekends has given profits a lift.

The airline, which is led by chief executive Carolyn McCall, hiked its full-year guidance just weeks ago to between £675 million and £700m after a bumper August performance, which is set to see the group post record annual pre-tax profits for the fifth year in a row. Last year the group turned in a pre-tax profit of £581m.

The most popular destinations in the summer were Mal­aga, Alicante, Faro and Palma, while Barcelona was also a top pick for those looking for a city and beach experience.

Numis analyst Wyn Ellis said: “With fuel prices continuing to be low and, generally, improving economic growth trends across Europe, we believe that the outlook continues to be positive.”

He added that passenger dem­and is being driven by attractive prices, effective online marketing and high levels of customer service and quality.