Budget airline easyJet (EZJ) has reversed a profit warning it issued in July. At the start of the summer, easyJet revised its 2014 financial year pre-tax profit forecasts down to £545m to £570m.
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But a strong summer season and a £5m boost from the Air France strikes has allowed easyJet to revise up its guidance - it now expects pre-tax profit for 2014 of £575m to £580m. The airline also intends to stick with its revised dividend policy, with a new payout ratio of 40 per cent. This is up from 33 per cent in 2013.