17 Nov 2010

Airline triples profit

10:42 am on 17 November 2010

The low-cost airline, EasyJet, has tripled its full-year profit due to rising passenger numbers and a lower fuel bill.

The British-based budget airline made £154 million pounds in the year to September, compared with £55 million the previous year.

Patronage rose 8% to £49 million, helping to push its share of the European market to more than 7.5%, while fuel costs fell 9%.

Chief executive Carolyn McCall says the airline will pay its first dividend - but not until 2012.