By Daniel Hunter

EasyJet has seen its share prices rises and has raised its profit forecast as a result of the two week strike by Air France pilots.

The strike boosted EasyJet's revenue by £5 million, the budget airline said. And its shares were up 4% to 1425p per share.

The added benefits of strike also led to EasyJet raising its profit forecast. It now expects profits of between £575m and £580m for the year to 30 September, up from its initial forecasts of £545-£570m.

EasyJet chief executive Carolyn McCall, said: "Easyjet has continued to execute its strategy.

"This has enabled Easyjet to deliver record profits for the fourth year in a row.

"This will also lead to our largest every ordinary dividend payment as we are also proposing to increase the proportion of our profits after tax paid in dividends from 33% to 40%."

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