Losses shortened at easyJet


Losses shortened at easyJet
Budget airline easyJet has revealed its pre-tax losses in the last half-year have fallen by 58 per cent.

In the six months to March, a typically slow period for airlines, the carrier said its losses were down from £40 million to £17 million.

During the half-year 16.4 million people flew with easyJet, a rise of 11 per cent, with revenue increasing by 14 per cent to £719 million.

And the firm still expects to announce record profits for the 12 months ending September 2007 later this year, with earnings forecast to be up to 50 per cent higher on last year's results – which were themselves a record high.

"The first half of our financial year has seen growth in all areas," said easyJet chief executive Andy Harrison.

"Our winning combination of low cost with care and convenience on a network now covering 75 airports in 20 countries on nearly 300 routes continues to attract new customers.

"We continue to introduce new Airbus aircraft into our fleet, thereby maintaining one of Europe's cleanest and greenest aircraft fleets, and in April we collected our 100th Airbus A319," the easyJet chief executive concluded.

Bookmark with:
Bookmark with: Digg Digg Bookmark with: Del.icio.us Delicious Bookmark with: Reddit Reddit Bookmark with: StumbleUpon StumbleUpon Bookmark with: Google Google Bookmark with: Technorati Technorati Bookmark with: Netvouz Netvouz

Latest News:

Search News
News Front Page
Accountancy / Tax
Advertising / PR
Armed Forces
Aviation / Aerospace
Banking / Finance
Charities / Voluntary
Childcare / Youth
Construction / Property
Customer Services
Education / Training / Teaching
Emergency Services
Engineering / Electronics
Entertainment / TV / Theatre
Graduate Roles
HR / Recruitment
Health / Beauty
Hotel / Catering / Restaurants
IT / Internet
Insurance / Pensions
International / Overseas
Management / Business
Manufacturing / Industry
Media / New Media / Creative
Medical / Healthcare
Pharmaceutical Industry
Public Sector
Retail / Wholesale
Sales / Purchasing / Marketing
Science / Technology
Secretarial / PA / Admin
Skilled / Semi-skilled Manual
Transport / Logistics
Travel / Tourism / Leisure