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easyJet plant weitere Bases in D,sowie Flüge nach Nordafrika


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THE slowdown in consumer spending is failing to hurt the budget carriers, easyJet said today as it unveiled plans for further assaults on the continental European airline market.

 

Announcing a surprisingly strong increase in profits - ahead 11% in the summer to bring in pre-tax profits for the year to September of £68m, up 9% - chief executive Ray Webster said: 'We are not seeing the slowdown in consumer spending that they are seeing on the High Street.

 

'That's just not coming through to us and that is why we are announcing plans to increase capacity this year by another 15%.'

 

Much of that growth is likely to come in the air over Germany. With continental Europe for the first time making up more than half of easyJet's revenues, Webster revealed plans to open further bases in Germany in addition to the hubs it has set up in Berlin and Dortmund.

 

The airline will have its eyes firmly set on transporting the armies of football supporters expected to flock into Germany from throughout Europe during next summer's World Cup finals.

 

Webster - who steps down at the end of the month, handing over to former RAC boss Andy Harrison - also confirmed plans, first revealed in the Evening Standard, to fly beyond the

 

European Union, to Russia and North Africa. While easyJet forecasts that these more competitive markets will cut its yields - the profits it makes per seat sold - Webster said the carrier expects to more than make that up in growth from selling passengers other goods.

 

Shares in easyJet today opened near to an 18-month high at 306½p, having risen 160% in the past year. Successive profit warnings in the summer of 2004 as increased competition from a swathe of start-up budget airlines, sent the shares plunging to a low since its 2000 flotation of 118¼p.

 

They clawed their way back as the carrier became increasingly bullish about its prospects this year, helped by speculation that the financiers behind Icelandair may be contemplating a bid.

 

The Icelanders have built up a 16% stake but any takeover hopes depend on Stelios Haji-Ioannou, who founded the airline 10 years ago and with his siblings controls 41% of the stock.

 

http://www.thisismoney.co.uk/news/article....mp;in_page_id=2

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