EasyJet's loss increased in the first half of the year due to rising fuel costs


The British low-cost airline easyJet reported the results of the first half of the year, which ended in March. According to published reports, its pre-tax loss rose to 272 million pounds from 68 million pounds in the same period a year earlier due to the high cost of jet fuel. At the same time, an increase in the number of passengers during the earnings period contributed to a growth in revenue by 7.3% to 2.34 billion pounds. In the specified period, the company transported 41 million 600 thousand passengers. Over the year, the figure increased by 13.3%. At the same time, rising fuel costs and a weakening demand for its services prompted easyJet to reconsider its plans to expand the business. According to new estimates, its fleet at the end of the year will consist of 353 aircraft instead of the previously estimated 359 aircraft.

The information and recommendations contained in this analytical document are published strictly for information purposes and are not considered as an offer to buy or sell the trading tools mentioned above and are not intended to motivate to perform certain transactions
Something went wrong