close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
AFP
May 19, 2019

EasyJet losses deepen in first half

Business

AFP
May 19, 2019

London: British low-cost airline EasyJet said on Friday that first-half net losses more than quadrupled due to "tough" market conditions and high fuel costs.

The carrier also warned that its second-half performance would encounter turbulence, partly because of Brexit turmoil and Europe´s economic slowdown.

Losses after tax expanded to £218 million ($280 million, 250 million euros) in the first half of the group´s financial year or six months to March, EasyJet said in a trading update.

That compared with a smaller loss of £54 million in the same period of the previous year.

"EasyJet has performed in line with expectations in the first half," said Chief Executive Johan Lundgren.

"I am pleased that despite tougher trading conditions, we flew more than 41 million customers, up 13 percent on last year, (and) performed well operationally." However, the carrier warned that revenue per in the second half of its financial year was expected to be "slightly down".

Topstory minus plus

Opinion minus plus

Newspost minus plus

Editorial minus plus

National minus plus

World minus plus

Sports minus plus

Business minus plus

Karachi minus plus

Lahore minus plus

Islamabad minus plus

Peshawar minus plus