EasyJet is set to halve its losses

Marion Dakers
BUDGET airline EasyJet is expected to post much smaller half-year losses on Wednesday as its bid to attract more business passengers and an earlier Easter break pay off.

Analysts have forecast a loss of around £60m for the six months to the end of March, an improvement on the losses of £112m seen in the same period last year.

Many airlines post a loss during the quieter winter period. IAG, which owns British Airways, on Friday announced pre-tax losses of €278m (£231m).

EasyJet last month said its losses were expected to be between £60m and £65m, on a better-than-expected 8.5 per cent rise in revenues per seat.

Chief exec Carolyn McCall has rolled out features such as seat reservations that have attracted business travellers.

Meanwhile it is believed that EasyJet has spoken with regional carrier Flybe about buying some of its take-off and landing slots at Gatwick Airport.

Flybe, which has endured several profit warnings in recent years, could raise up to £20m from disposing of its 25 slot pairs.

EasyJet and Flybe declined to comment on the talks, which were first reported by the Sunday Times.