Easyjet raises profit guidance

Low-cost airline easyJet has enjoyed a better-than-expected summer after an advertising campaign boosted sales and it benefited from cheaper fuel.

The Luton-based operator, which is Europe's fourth-biggest short-haul carrier, said pre-tax profits would be between £280 million and £300 million in the year to September 30, up from previous guidance of £272 million and last year's £248 million.