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Another year of record profits for budget carrier easyJet
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Another year of record profits for budget carrier easyJet

The biggest carrier, by passenger numbers, at Liverpool John Lennon Airport achieved an 18.1% jump in pre-tax profits for the year to September 30, of £686m, on a 3.5% increase in revenues which reached £4.686bn.

Load factor, or the number of available seats sold, also hit a record 94.4%.

Shareholders will benefit from the airline"™s latest strong results through an impressive 22% increase in the dividend, to 55.2p per share, worth a total of £219m.

The airline said its strong results and confidence in a pipeline of opportunities will be supported by an extra 36 aircraft which will be delivered between 2018 and 2021. The new fuel-efficient models are expected to generate cost savings for easyJet of £27m by 2021.

Chief executive Carolyn McCall said: "Our outlook for the longer term is positive.

"We expect demand in our markets to be sustained and for easyJet to continue to be a winner in its markets.

"We will see passenger growth of 7% a year, sustaining margins through rigorous cost control and the benefit of fleet up-gauging, resulting in positive profit momentum."

She added: "We remain totally focused on our network advantage, digital leadership and offering our customers great low fares and service.

"We continue to invest in profitable growth, ensuring our digital advantage and giving our customer good value fares."

Ensuring its progress in digital advantage, the airline today announced the appointment Alberto Rey-Villaverde as its first head of data science to accelerate its use of artificial intelligence (AI).

It said AI will help to improve efficiency, reduce cost and increase revenue and customer satisfaction by further improving a number of areas including easyJet"™s flight schedule, fleet reliability, inflight food and drink choice and the airline"™s new Flight Club loyalty programme…

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