Easyjet half year loss doubles as fuel costs soar

City A.M. Reporter
Easyjet has said its half year losses have almost doubled because of higher fuel costs and the tough consumer environment.

The low cost airline reported pre-tax losses for the six months to the end of March of £153m ($250m), up from a loss of £79m on a year ago.

Higher fuel costs accounted for £43m of the increase in losses from last year.

Passenger numbers grew 12 per cent to just under £24m, nearly two-thirds of whom now come from outside the UK.