easyJet share price soars as airline increases profit forecast for 2015

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© By David, Wikimedia Commons

IN a statement made by budget airline easyJet, it announced that profits for 2015 were forecast to rise by up to 10 per cent above the original forecast of between £620 million (€843 million) and £660  million (€900 million).

It further revealed that for the second consecutive month, August figures showed that the airline had carried over seven million passengers. The value of shares in the company has risen by 30 per cent in the past year valuing it at £6.6 billion (€8.9 billion).

The strong pound against the euro appears to have been a major factor in travellers dropping the concept of the ‘staycation’ and the main targets have been Alicante, Barcelona, Faro, Malaga and Palma with an overall load factor of 94.4 per cent, which is a group record. 

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