EasyJet losses narrow

EasyJet said it expected its first-half loss to be narrower than previously thought as cost control measures and better marketing help the British budget airline offset continuing weakness in the sector.

"In a difficult environment for all airlines, improvements in revenue management combined with marketing and website initiatives have enabled EasyJet to take advantage as weaker competitors have left the market over the last couple of months," the company said.

EasyJet, Europe's second largest low-cost carrier, said it expects a first-half loss of £110m to £120m down from its previous estimates of a loss of £140m to £160m.

The company added the increase in total revenue per seat at constant currency for the first half of the year will be better than expected at a little over 10 per cent.