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Business > Europe

EasyJet posts H1 loss as rising fuel prices bite


AP
Thursday, May 8, 2008


    

LONDON -- Budget airline easyJet said Wednesday that its losses in the first half were nearly four t

imes higher than a year ago as rising fuel costs outweighed a 24 percent jump in revenues.

The company reported a loss of 43.3 million pounds (US$85.4 million) in the six months ending March 31, compared with a loss of 12.7 million pounds in the same period a year earlier.

Revenue rose to 892.2 million pounds (US$1.76 billion), including a 17 percent gain in passenger revenue to 751 million pounds (US$1.48 billion). The airline's shares rose 1.8 percent to 302.75 pence (US$5.97) on the London Stock Exchange.


      








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