Home Business NewsBusiness EasyJet reports larger loss for the first half of its financial year

EasyJet reports larger loss for the first half of its financial year

by LLB Reporter
16th May 17 8:54 am

These are the figures

The lower pound and the later Easter has affected EasyJet as it reports a larger loss for the first half of its financial year.

In the six months to March the airline reported a £212m loss.

This can be compared with a loss of £21m in the same period a year ago.

EasyJet has said its performance had been “resilient” and was in line with the company’s expectations.

Total revenue managed to increase 3.2 per cent to £1.827bn. The airline managed to fly a record 33.8m passengers in the six months. This figure it up from nine per cent which was seen a year before.

However, investors have not been impressed by the outcome. Shares were down nearly six per cent in early trading.

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