Budget airline easyJet said a surge in business at the end of the summer and a benign operating environment meant it was upping its full year profit forecasts.
The firm now expects pre-tax profits for the year to the end of September 2012 to be between £310m and £320m.
This compares with the previous range of £280m to £300m.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Following the end of the Olympic games, demand from London increased towards the upper end of expectations with the late market and beach routes performing particularly well, the airline said.
However, easyJet said it estimated that at current fuel and exchange rates the airline's unit fuel bill for the 2013 financial year was likely to increase by £30-40m.
In addition, it said exchange rate movements were likely to have a further £40-60m negative impact in the next financial year.
-
Klarna postpones US IPO as Trump's tariffs rattle marketsBuy-now-pay-later lender Klarna has postponed its US initial public offering owing to the market turbulence. It is not alone, says Matthew Partridge
-
Why stagflation now seems like America's "optimistic scenario"Investors have gone into tariff shock, and stagflation could now be the optimistic scenario for the US economy.
