EasyJet closes the monetary yr with earnings up 34% | EUROtoday

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Easyjet closed the monetary yr ending in September with internet earnings of £459 million, up 34.6% in comparison with final yr’s £341 million and working earnings of £597 million (+25 per cent). Turnover elevated by 14% to 9.309 billion kilos as a result of 8% improve in seating capability to which the Holiday division contributed. Passenger income elevated by 9% to five.715 billion kilos and ancillary income by 22% to three.598 billion kilos.

Passengers transported within the yr amounted to 89.684 million from 82.754 million transported in 2023 and a load issue of 89.3 %. The prospects for the brand new monetary yr and the continued progress of the Holiday division for leisure locations such because the Canary Islands and North Africa are optimistic.

For shareholders, EasyJet has proposed doubling its dividend for the present yr to 12.1 pence per share, up from 4.5 pence a yr earlier. The outcomes are the final for chief govt Johan Lundgren earlier than he leaves the airline after seven years on the helm. Kenton Jarvis, EasyJet’s chief monetary officer, will take over from Lundgren early subsequent yr.