EasyJet Profit Outlook Disappoints

Ranjeev2

The low-cost carrier confirms their profits for the year ending September 2014 are likely to be just under analyst’s consensus of £572m. They are making a £10m-£15m allowance for any conflict repercussions in Israel, Egypt and Russia. Yesterday, its twice daily flights to Tel-Aviv were cancelled.

Increasing pressure from rival low-cost carriers has led to growing its capacity, which was up 6.8% from last year.

A strategy of securing more business passengers who tend to pay more has been sought as well as gaining more of a foothold in France and Italy.