StockMarketWire.com - EasyJet trimmed its dividend as its annual profit fell but nevertheless came in at the top end of its guidance range.

The budget airline said it expected forward bookings for the current fiscal year would be slightly ahead of last year.

Capacity growth, however, would be at the lower end of historic guidance of between 3% and 8% growth per year.

Headline pre-tax profit for the year through September fell 26% to £427m, but was within the top end of guidance of between £420m and £430m.

EasyJet declared a full-year dividend of 43.9p, down from 58.6p on-year.

Revenue rose 8.3% to £6.4bn, thanks to an increase in capacity, but revenue per seat decreased 1.8% to £60.81, driven by some weakness in consumer confidence.

Passenger numbers for the full year increased 8.6% to 96.1m and the load factor decreased by 1.4% to 91.5%.

'EasyJet finished the 2019 financial year with a strong performance across the business and a record summer,' chief executive Johan Lundgren said.

'Our self-help initiatives meant we have been able reduce costs and drive a better yield performance which has improved revenue per seat in the second half of the year.'

The company forecast headline airline revenue per seat at constant currency in the first half of the 2020 financial year would be up low-to-mid single digits.

Headline airline cost per seat excluding fuel at constant currency was expected to be up by low single digits.

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