LONDON, Nov 27 Reuters EasyJet said on Wednesday that it expects its capacity to increase by 3 in fiscal 2025 after reporting a smallerthanexpected annual operating profit due to disruptions from the ongoing turmoil in the Middle East.
The airline reported an operating profit of 597 million pounds 750.5 million for the year ended Sept. 30, compared to 625.6 million pounds expected by analysts, according to an LSEGcompiled poll.
However, its reported operating profit is 25 higher than a year earlier.
For the current fiscal year ending September 2025, the airline expects capacity of about 103 million seats and holiday customers to grow by about 25 from last year.
The airline will continue to grow, particularly on popular longer leisure routes like North Africa and the Canaries and we plan to take 25 more customers away on package holidays, CEO designate Kenton Jarvis, who is replacing Johan Lundgren next year, said in a statement.
1 0.7955 pounds
Reporting by Joanna Plucinska in London and Yadarisa Shabong in Bengaluru; Editing by Sonia Cheema
Source Reuters