Easyjet profits rise sharply on increased capacity

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No frills airline Easyjet has reported a 21% rise in annual pre-tax profits, due to increased capacity growth.

Profits rose to £581m for the 12 months to end of September, up from £478m in the previous year.
The UK carrier also said it had transported 64.8 million passengers - marking a 7% rise.
Chief executive Carolyn McCall said EasyJet had "opened up clear blue sky" between the airline and its competitors.
Easyjet, which has a fleet of 226 planes, said the acquisition of slots at Gatwick airport from rival airline Flybe had boosted its performance.
It also said an expected fall in fuel prices would drive costs down by as much as £22m over the next six months.

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