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easyJet profits up 41%

easyjeteasyjet's results for the year ending 30 September 2018 were relased today and show a stong performance despite continuing losses from Tegel airport where operations were taken over from Air Berlin.

Commenting on the results, Johan Lundgren, easyJet's Chief Executive, said:

"easyJet has delivered a great performance during the year, growing headline profit before tax by 41 per cent, once again flying a record number of passengers at our highest ever annual load factor. The integration of new operations at Tegel has also progressed well and our brand consideration in Berlin has grown strongly. Our financial success and increasing customer loyalty demonstrate the resilience of our operations, the underlying strength of our business and our unrivalled customer experience.

"Our strategy continues to ensure we are well positioned for the future. We have made considerable progress on our new initiatives in holidays, business and loyalty, which will enable us to grow profitably. While disruption continues to be a major challenge for the industry, we are investing in resilience to help to mitigate the impact on our customers.

"Forward bookings are solid, with 50% of seats sold in the first half, in line with the prior year. We are confident in our positioning for the future and are focused on driving future returns, positive free cash flow over the longer term and maximising our headline profit per seat as we continue to deliver value for our customers and shareholders."

A summary of easyJet's key result reads as follows:

Acquisition of Tegel operations

Well positioned for the future

Outlook