London - Shares in Easyjet have been down nearly 0.8% despite the airline lifting profits for the year to September.
Easyjet shares were down nearly 0.8% to 1 532.13 pence in late afternoon trading.
The British no-frills airline said on Tuesday that rising passenger numbers and a lid on costs helped to lift profits at Easyjet during the past year
Pre-tax profits surged 22% to £581m ($909m, €726m) in the 12 months to the end of September compared with one year earlier, Easyjet said in a statement.
"Ryanair isn't the only low-cost airline having a good year; Easyjet's numbers for its fiscal year are in - and they're overwhelmingly positive," said Daniel Sugarman, market strategist at traders ETX Capital.
Net profits rallied 13% to £450m.
Passenger numbers jumped 7% to 64.8 million, with Easyjet winning a late boost as Air France cancelled flights in September because of a record two-week-long pilots' strike.
"Our performance demonstrates our continued focus on cost," said Easyjet chief executive Carolyn McCall.