EasyJet said the widening of its first half loss is in
line with expectations, with profits expected to continue to be
below last year’s results.
The low-cost airline, which celebrates its 10th anniversary this
year, reported a seasonal pre-tax loss of £22 million in the
six months to March 31, compared to £19 million last
year.
Passenger numbers were up 25% to 13.5 million, with total revenue
per passenger up 1.1%. Revenues were up by 26% to £553
million.
Outgoing chief executive Ray Webster, who announced his departure
last week, said the airline had managed to mitigate the impact of
higher fuel prices.
He added: “At prevailing fuel prices and exchange rates, we
continue to expect reported pre-tax profit to be below last year
but in line with current expectations.”
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