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EasyJet Predicts Record Profit Bolstered by Summer Sales

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EasyJet Plc raised its full-year earnings guidance, bolstered by U.K. holidaymakers who fled the wettest August in a century for beach destinations in warmer locations including Spain, Portugal and Greece.

Pretax profit in the 12 months ending Sept. 30 is now expected to be in a range of 675 million pounds to 700 million pounds ($1.03 billion-$1.07 billion), up from a previous estimate of 620 million pounds to 660 million pounds, the Luton, England-based company said Thursday. EasyJet rose as much as 7.2 percent in London trading.