EasyJet sees year profit at £110-£120 million

British budget airline easyJet Plc said yesterday its full year pre-tax profit would be around £110-£120 million, while it has offset around half its increase in fuel costs.

The company added that third-quarter revenue was up 32 per cent to £641 million as it absorbed the acquisition of GB Airways, while revenue per seat was up 12 per cent in the same period.

EasyJet PLC is engaged in the provision of airline service on short-haul and medium-haul point-to-point routes principally within Europe. The company's subsidiaries include easyJet Airline Company Ltd, easyJet Switzerland SA, easyJet Aircraft Company Ltd, easyJet Sterling Limited and easyJet Leasing Ltd.