easyJet sees large profitability decline but improvements ahead; Air Berlin profitability improves

easyJet's shares fell 3.6% yesterday, after the carrier reported a 91% slump in operating profit and an 82% decline in net profit, to GBP60.1 million and GBP71.2 million, respectively. The LCC added that, despite the reduced earnings in FY2009, it was "one of the very few European airlines to make a profit during this last 12 recessionary months".