BRITISH low cost carrier easyJet upgraded first-half forecasts, saying favourable currency moves would boost its bottom line, but said if current exchange rates stuck, they would provide a reverse effect over the year. The group, which like rivals traditionally makes a loss over the winter when fewer customers fly, yesterday saidthat it could swing to a profit for the six months to March 31. “easyJet continues to be well positioned to deliver sustainable returns to shareholders due to its compelling network, low cost base and strong balance sheet,” chief executive Carolyn McCall said.
It is due to publish its first-half results on May 12. – Reuters