easyJet's profits soar - geddit?
Airline, easyJet, is having a very nice time this week, watching their profits soar to a record £317 million today. Proof, if any, that crappy companies are really brilliant at business.
This is a 28% rise, thanks to a whopping 58 million passengers who don't care about added frills, and rightly, are far more concerned about getting a good deal so they can have money left over for fun things like booze and illegal cockfights.
And things will carry on in this upward keel, as they have already sold nearly half of their winter seats. They'll also be increasing flight capacity by around 3.5% (less legroom then?) soon, which means even more money.
Chief executive Carolyn McCall said: "These results demonstrate that easyJet is a structural winner in the European short-haul market against both legacy and low-cost competition."
Better yet, Ryanair's Michael O'Leary will be really, really annoyed at this news, and that's good for everyone.