Many European airlines have been struggling with higher costs of fuel, weak consumer confidence and the eurozone crisis.
Companies like Scandinavian airline, SAS, have faced the possibility of bankruptcy. And Spain’s Iberia and Germany’s Lufthansa have cut jobs throughout the year. Others have gone out of business entirely.
Well, there’s one airline in Europe that’s certainly bucking the trend.
U.K. carrier, easyJet (London: EZJ) just reported a 28% full-year profit on the back of strong summer demand. Shares are cruising higher as a result.
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