easyJet to return GBP308 million to shareholders

easyJet announced (19-Nov-2013) plans to return GBP308 million to shareholders (GBP0.776 per share) through the combination of an ordinary and special dividend. easyJet CEO Carolyn McCall said: "easyJet has delivered a strong full year performance and made significant progress against executing its strategic priorities. The results reflect easyJet's continued structural advantage in the European short-haul market against both the legacy and low cost competition. Our disciplined approach to capacity allocation has resulted in a meaningful growth in earnings, profit margin and return on capital employed and we have ended the year with a strong balance sheet and a low level of gearing. As evidence of our continued confidence in the future prospects of the business the Board has recommended to return £308 million to shareholders through the combination of an ordinary and special dividend." [more - original PR]