EasyJet plans to buy new planes and resume dividends after record profit

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EasyJet plans to buy new planes and resume dividends after record profit
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EasyJet is proposing to order new aircraft and resume dividend payments to shareholders after making a record profit this summer.

The airline said it expects its profit before tax between July and September to be between £650m and £670m. This was driven by an 8 per cent increase in passenger numbers and a 9 per cent rise in fares, both compared with the same period last year. EasyJet said its profit before tax for the year to the end of September is expected to be between £440m and £460m.

Asked if he has had discussions about the proposal with Sir Stelios Haji-Ioannou, whose family is the airline’s biggest shareholder, Mr Lundgren replied that talks have been ongoing with “all the stakeholders and all the shareholders”. He added: “I don’t think that this is a surprise to anybody. This represents a great opportunity.” A shareholder vote will take place later this year. Sir Stelios declined to comment when approached by the PA news agency.

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