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easyJet Shares Fly on Improved Forecast

Sam Robson
October 3, 2012

LONDON -- easyJet  (LSE: EZJ.L  ) announced a better-than-expected forecast for the full year in its pre-close statement this morning, sending shares up 4.5% to 621 pence at the time of writing.

The shares' positive swing came after the low-cost airline revised its outlook for the year to September 30 to estimate a pre-tax profit of £310 million-£320 million, up from the previous forecast at the end of July of £280 million-£300 million.

easyJet's chief executive Carolyn McCall commented:

easyJet has had a strong summer performance, which has enabled us to deliver another good year of returns and growth for our shareholders. Strong post Olympics trading and a benign operating environment along with the continued strict allocation of capital and aircraft across our leading network, improvements in revenu