Just recently, shares in EasyJet skyrocketed 18 percent. Apparently this happened just after the company announced airline profits forecast was up by some £50 million. The carrier is saying that this increase in profits is due to its campaign to attract more business travelers.

Recently the airline launched a new flexible fares program, which gives people the option to switch flights up to two hours before departure. This is great for people whose meetings have overrun or they need to change their travel plans. Overall, easyJet has claimed that this has led to a 20 percent increase in business travelers over the past three months.

Now this is a big deal for easyJet and would pretty much be a big deal for any airline. This is because airlinesprofits ’ major source of income just so happen to come from business travelers. Thus, it is easy to see why revenue in this quarter has gone up 23 percent for the airline when compared to last year.

Of course, it is not just the increase in business travelers that has caused the airlines profits to rise. The carrier has also recently increased its number of flights and hiked baggage charges as well. All of this has led to a nice increase in profits for the airline.

In this quarter, easyJet carried 14.4 million passengers. This is a nice 17.3 percent increase when compared to a year ago. Of course, some experts do point out that this increase was also partly due to the disruption that was caused last year by the Icelandic volcano. Since there was no disruption this year, they did not have to cancel as many flights, thus increasing the airline’s profit.
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