United Kingdom
United States
Asia Pacific
easyJet’s £40m half-year losses ‘better than expected’
Soaring fuel costs in the half year to March 31 saw easyJet’s pre-tax loss come in at £40 million against £21.6 million.
The no-frills carrier’s fuel costs rose by 49% or £55 million in the six months – representing £3.01 per seat.
But chief executive Andy Harrison said the first half performance was “slightly ahead of our expectations” at the time of its annual meeting in February.
The airline carried 14.9 million passengers, a year-on-year rise of more than 10%, with 28 new routes started.
Harrison predicted the full year pre-tax profit to be up by 10-15% over 2004-05 helped by “continued cost management”.
The £40 million loss was “stronger than expected”. This coupled with a good Easter “provide the basis for an improved full year outlook,” Harrison said.
“We are conscious that we have a big summer ahead, that the price of oil remains a risk, and we continue to operate in a highly competitive environment. Notwithstanding these uncertainties, we now anticipate full year passenger revenue per seat to be broadly in line with 2005 and expect ancillary revenue to grow at around 20% per seat for the full year.”
Report by Phil Davies
Phil Davies
Walt Leger on New Orleans’ Resilience and Major Events Ahead
Cindy Mackin Shares Estes Park’s Winter Thrills
Mark Jaronski of Explore Georgia on FIFA World Cup 2026
Connecting Small Businesses to Global Tourism Markets: Nate Huff of Tourism Exchange
North Carolina’s Resilience: Wit Tuttell on Recovery and Tourism
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
BA suspending all Heathrow to Abu Dhabi flights
Unexpected wave rocks cruise ship
Woman dies after going overboard in English Channel
Report: Cruise guest died after ship lashed in heavy storm
British teen in serious condition after paraglider collision