EasyJet pledges high dividend to investors
Since the start of the year airlines including loss-making Spanair and Hungarian flag-carrier Malev have ceased operations, leaving gaps in the market that low-cost competitors have been quick to exploit.
EasyJet, the largest carrier at London's Gatwick airport, said a strong rise in summer bookings from Britain to Malaga and Alicante in Spain and Faro in Portugal had helped, while it also increased the number of flights between top business destinations during the year.
The carrier said passenger numbers rose 7.1 percent to 58.4 million during the year, with load factors - a measure of how full its planes are - up 1.4 percentage points to 88.7 percent.
The airline, which will fly between London, Manchester and Moscow from next year, said its profit margins grew by 1 percentage point to 8.2 percent during the year, despite a 182 million pound increase in its fuel costs. It expects its fuel bill to be around 30 million pounds higher in 2012/13.
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