UK low-cost carrier EasyJet expects to increase pre-tax profits to between £450-480 million ($691-737 million) for the year to 30 September after posting a 10% jump in third quarter revenues.
The projected profit would mark an improvement on the £317 million full-year profit it recorded in 2011-12.
EasyJet outlined the profit expectations after lifting third quarter revenues 10.5% to £1.14 billion for the three months to 30 June. This was driven by 3% more capacity and a 6% increase in revenue per seat at constant currencies to £61.44 per seat. The airline says its revenue per seat for the second half is performing at better levels than it projected three months ago.
Passenger numbers were up 2.6% in the quarter to 16.4 million.
Cost per seat over the same period increased 4.5% at constant currencies, driven by highter airport fees.
"EasyJet has delivered a strong performance in the third quarter in a benign capacity environment for EasyJet," says chief executive Carolyn McCall.