EasyJet Predicts Fall In Losses

Low-cost carrier easyJet expects seasonal losses in the first half of 2014/15 to decrease year-on-year after adding seats on popular routes and attracting more business passengers in its first quarter.

Low-cost carrier easyJet expects seasonal losses in the first half of 2014/15 to decrease year-on-year after adding seats on popular routes and attracting more business passengers in its first quarter.

Luton-headquartered easyJet has predicted first half losses of between £10m-£30m ($15m-$45m), compared with £53m ($80m) for the first half of 2013/14.

Lower than projected fuel cost is one of the key contributors to the improved financial performance, with easyJet estimating that it will cut around £2 ($3) off its average fare.

The airline also reported a 3.8 per cent revenue increase to £931m ($1.41bn) in the three months to the end of December 2014.

TAGS: Europe
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