July 28, 2008

easyJet Coping With Rising Fuel Costs

LOW-cost airline easyJet said today it had offset more than 50per cent of an anticipated GBP185m rise in its annual fuel bill. In a trading update, the Lutonbased operator forecast pretax profits of up to GBP120m for the year to end September, with revenues and cost- saving measures helping it to cope with soaring oil prices. It said third-quarter passenger numbers were up by 16per cent amid continued strong growth at Gatwick and mainland Europe .

Originally published by Newsquest Media Group.

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