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British low-cost airline easyJet said on Tuesday full year pretax profit fell 35 percent to 123 million pounds ($183.4 million), while first quarter winter bookings are ahead of last year.
The carrier, currently embroiled in a boardroom battle with founder Stelios Haji-Ioannou over future strategy, said current economic conditions were difficult but it was cutting costs and preserving cash.
Analysts had been expecting pretax profit to come in at around 122 million pounds for the year to end September, according to Reuters estimates, following guidance from the airline earlier in the year that it would make 115-120 million.
EasyJet shares, which have more than halved this year, closed on Monday at 275.5 pence, valuing the business at around 1.1 billion pounds.
It said 27 percent shareholder and non-executive director Stelios, who wants the carrier to cut back its plane orders and pay a maiden dividend, had abstained from the vote to approve the annual report and accounts.
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