EasyJet plans to buy new planes and resume dividends after record profit

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EasyJet plans to buy new planes and resume dividends after record profit
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The airline said it expects its profit before tax between July and September to be between £650 million and £670 million.

This was driven by an 8% increase in passenger numbers and a 9% rise in fares, both compared with the same period last year.

The company is proposing to resume paying dividends to shareholders early next year at a rate of 10% of annual profit after tax.EasyJet has placed firm orders with Airbus for 157 new aircraft, which is subject to the approval of the airline’s shareholders. “This performance has demonstrated that our strategy is achieving results and so today we have set out an ambitious road map to serve more customers and deliver attractive shareholder returns, underpinned by a continued focus on costs and operational excellence.

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