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EasyJet targets German expansion

By: EBR - Posted: Thursday, September 22, 2005

EasyJet targets German expansion
EasyJet targets German expansion

British low-cost carrier easyJet aims for double-digit growth in Germany to boost its market share to 20 percent, a paper has quoted the German chief executive as saying.

"Last year we had a market share in Germany of 2 percent with regards to capacity, which is very low," John Kohlsaat told daily Berliner Zeitung.

"This year it will be much higher. Across Europe we had a 20 percent share in the low-cost market, and we want to see that in Germany too," he said, adding that the airline would increase business in Berlin and Dortmund.

He gave no time frame to reach the targets in Germany. On Friday, the company said it would maintain its full-year earnings expectations, despite bookings not having fully recovered in the wake of the London bomb attacks in July and high fuel costs.

EasyJet expected current-year pretax profits to match last year's 62.2 million pounds ($112.5 million).

Kohlsaat said bad summer weather had helped the airline and that it still had room to grow in the north and the south of the country.

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