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Easyjet profits take a tumble
Tuesday 18th November 2008, 9:30AM GMT.
Budget airline Easyjet has seen its annual profits fall because of higher fuel costs, despite carrying 17.3 per cent more passengers over the year.
Pre-tax profits in the year to 30 September fell 45 per cent to £110m.
The firm said future economic conditions would be “difficult” and it would concentrate on offering passenger value, cutting costs, and saving cash.
Last week founder Stelios Haji-Ioannou raised his stake in the firm to 26.9 per cent, and called for a cautious outlook.
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