Budget airline Easyjet has announced its fifth consecutive year of record profits, as passenger numbers increased.
Annual profits at the airline, which has just celebrated its 20th birthday, jumped 18% to £686 million whilst total revenue increased by 3.5% to £4.7 million.
Commenting on the results, Carolyn McCall, easyJet Chief Executive said:
"Our outlook for the longer term is positive. We expect demand in our markets to be sustained and for easyJet to continue to be a winner in its markets. We will see passenger growth of 7% a year, sustaining margins through rigorous cost control and the benefit of fleet up-gauging, resulting in positive profit momentum. We remain totally focused on our network advantage, digital leadership and offering our customers great low fares and service. We continue to invest in profitable growth, ensuring our digital advantage and giving our customer good value fares.”
