Low-Cost Airline easyJet's Profit Jumps

Budget airline easyJet said it expected to increase profit by 20 percent next year, after reporting a 48 percent increase for the last full year on Tuesday.

Profit before tax and exceptional items was 191.3 million pounds ($393 million) in the year to Sept. 30, compared with 129.2 million a year earlier.

The rise was widely expected after easyJet said last month it expected an increase towards the upper end of the forecast range of 40 to 50 percent.

A Reuters poll of 16 investment banks predicted underlying pretax profit of between 186 million pounds and 197 million.

Europe's second-biggest budget carrier said it expected revenues per seat would change little this winter from last, and in the summer would be slightly ahead year-on-year.