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EasyJet upbeat after record result

20 November 2007

EasyJet, the largest UK low cost airline, on Tuesday reported a sharp increase in full-year profits and forecast a further significant rise in profits in the current year to next September despite record oil prices.

EasyJet forecast a further increase of around 20 per cent in underlying pre-tax profits in the current year excluding the impact of its proposed acquisition of GB Airways, the largely Gatwick-based franchise carrier of British Airways, which is due to be completed by the end of January.

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