No-frills airline easyJet expects to post a loss in the first half of 2013, despite a late rush to book flights before the Easter break.
Britons and fellow northern Europeans bought expensive last-minute flights as they rushed to escape the miserable weather at the end of March, pushing up revenue growth at the carrier.
Despite this the company, which joined the FTSE 100 last month, this morning said it expects to lose £60-65m during the first six months of the year. This is partly due to a weak pound, with currency fluctuations expected to hit the company's bottom line by £30-35m. The board add that unexpectedly high fuel prices will add another £5m in costs.
"First half losses have been halved year on year through our disciplined approach to capacity deployment and a focus on cost management over winter," said chief executive Carolyn McCall.
"We have also benefited from rival airlines taking winter capacity out of the market, the earlier timing of Easter compared to last year and the poor weather across the UK and northern Europe which stimulated strong bookings in the last few weeks of the first half of the financial year."