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Budget airline easyJet FY profit down 14 percent

Originally published: November 17, 2009 2:38 AM
Updated: November 17, 2009 3:30 AM
By The Associated Press  

Quick ReadBudget airline easyJet FY reports profit down 14 percent as fuel, other costs rise

LONDON (AP) — Budget airline easyJet PLC reported Tuesday that full-year net profit fell 14 percent as higher costs for fuel and other expenses ate into growing revenues.

For the year ended Sept. 30, the carrier said its net profit was 71.2 million pounds ($119.9 million), down from 83.2 million pounds in the previous year.

Passenger revenue rose 8 percent to 2.15 billion pounds, and...

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