United Kingdom
United States
Asia Pacific
Easyjet expecting first half loss
Easyjet is expecting a half-year loss of £45 million as fuel costs continue to rocket.
Chairman Sir Colin Chandler said in a trading statement that fuel will rise 50%, costing the airline as additional £55 million in the first six months of the year.
The anticipated loss will be double the £22 million half-year deficit in 2004.
Sir Colin said the timing of Easter will also hurt results although cost reductions and increasing ancillary revenues will lessen the blow.
Despite the losses, he said its full-year forecasts remain unchanged. The carrier expects capacity to rise 15% and profits to increase by a mid to high single-digit percentage.
First quarter (October to December) revenue per seat rose 1.8% compared to the same period last year, helped by double digit growth in non-ticket sales.
Report by Steve Jones
Kittipong Prapattong’s Plan for Thailand’s Tourism Growth: Taxes, Visas, and Campaigns
James Jin: Didatravel’s Journey from China to Global Reach and the Impact of AI on Travel
Darien Schaefer on Pensacola’s Evolution: From Small Town to Global Destination
Florida Tourism’s Next Frontier: Dana Young on Expanding Beyond the Classics
Patrick Harrison on Tampa Bay Tourism’s Resilience and Marketing Strategy
Bubba O’Keefe on Clarksdale’s Vibrant Music Scene
Commemorating Elvis and Embracing Tupelo’s Culture with Jennie Bradford Curlee
Craig Ray and the Expansion of the Blues Trail
Presenting Mississippi’s Cultural Trails with Katie Coats
Robert Terrell: A Journey Through BB King’s Influence
Rochelle Hicks: Celebrating Mississippi’s Musical Legacy
Exploring Jacksonville with Katie Mitura: The Flip Side of Florida
Dozens fall ill in P&O Cruises ship outbreak
Turkish Airlines flight in emergency landing after pilot dies
Boy falls to death on cruise ship
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel