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easyJet increases profit forecasts despite disruption

easyJet increases profit forecasts despite disruption

Added cost pressures at easyJet (EZJ) haven’t stopped management from upgrading full-year forecasts. The airline group has increased pre-tax profit expectations for the year to September to between £550m and £590m, from the previously flagged range of £530m to £580m. That's despite a number of increased expenses for the airline, most notably the air traffic controller strikes in France. easyJet cancelled 2,606 flights during the third quarter, which it expects to add around £25m in disruption costs. Chief executive John Lundgren said the company would file a complaint with the European Commission regarding the strikes.

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