EasyJet Says Profit at Top End of Forecasts
- Earnings at top end of estimates as fares edge higher
- Shares fall as investors pin gains on BA, Ryanair disruption
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EasyJet Plc said earnings for the year through September were toward the top end of its forecasts, helped by strikes at British Airways and Ryanair Holdings Plc.
The unrest at EasyJet’s biggest rivals spurred demand and sent revenue per seat, a proxy for fares, up 0.8% in the second half despite earlier predictions of a slide, the Luton, England-based carrier said in a statement Tuesday.