easyJet forecasts soaring profits
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British no-frills airline easyJet has said it expected pre-tax profit to rocket by 40-50 percent in the current financial year, as the group unveiled soaring first-quarter revenues.
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Low-cost airline easyJet announced that it carried 2.08 million passengers in January -- an increase of 23.8 percent on the same month last year.
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Airlines worldwide may make a combined profit of $1.2 billion next year, their first since 2000, as fuel prices fall from record highs and passenger traffic increases, the International Air Transport Association said.
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Riding the tailwinds of a humming Australian economy, Qantas Airways predicts a 40 percent increase in 2008 fiscal year profits.
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The no-frills airline easyJet has confirmed the purchase of 35 Airbus A319 jets from European aircraft manufacturer, for delivery in 2011 and 2012
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The company said third-quarter profit rose more than expected, boosted by higher aircraft deliveries, but it scaled back next yearâs forecast due to delays on its 787 Dreamliner.
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Air France's 800m euro merger with KLM seems to be paying off as it reports upbeat second-quarter profits and forecasts full-year growth.
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The French airline Air France-KLM has reported a 7.8-percent rise in second-quarter operating profit owing to strong passenger traffic, but net profit slumped on exceptional factors.
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Britain&#39;s biggest airport operator BAA posted a 16 percent jump in first-half earnings on Tuesday, meeting expectations as cheap airfares and stronger economies drove up passenger numbers.
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Plane maker Boeing has said its third quarter profits shot up 78% from a year ago to $456m. The company also gave an upbeat forecast for the rest of 2004 and into 2005.
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Southwest Airlines and Continental Airlines posted higher quarterly earnings yesterday as fuller planes and fare increases helped offset soaring fuel costs.
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No-frills airline Ryanair RYA.I has posted a forecast-beating jump in first-half profit after its low fares drew passengers over the summer, and it is more upbeat than
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Airline British Airways reveals pre-tax profits more than doubled to Â£220m in the July to September period.
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FedEx Corp. , the world's top air-express shipper, on Thursday said quarterly profit more than tripled on strength in its international, ground and freight businesses, and the company raised its full-year earnings forecast.
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Quarterly profit beat expectations on strong growth in its international, ground and freight segments.
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Ryanair is reportedly set to muscle in on rival easyJet's operations from Liverpool.
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The discount carrier posted quarterly net income of $162 million on strong demand.