easyJet: raises dividend after record number of passengers

(CercleFinance.com) - easyJet has raised its dividend by 43% after a record number of passengers boosted the low cost's airline's profit in the fiscal year ended 30 September 2018.


The group said on Tuesday that profit before tax increased to 445 million pounds in the 12 months to September, from 385 million pounds in the previous fiscal year, 2016/2017.

Its revenue jumped by 16.8% to 5.9 billion euros in the past fiscal year, helped by a record number of passengers, which reached 88.5 million, up 10.2%. The company also benefited from a record load factor of 92.9%.

In its statement, easyJet said that it is confident in its positioning for the future, while notes that bookings for next summer are promising and "slightly ahead of summer 2018."

For 2017/2018, the company proposed a dividend of 58.6 pence per share, up from 40.9 pence previously.

easyJet shares were down 3% in London after these results.

Copyright (c) 2018 CercleFinance.com. All rights reserved.