Easyjet narrows half-year losses

Carolyn McCall, Chief Executive, Easyjet: We have "high customer satisfaction"

Related Stories

Low-cost airline Easyjet has reported smaller half-year losses thanks to tighter cost controls and fewer disruptions.

The company lost £112m in the six months to the end of March, compared with a loss of £153m a year earlier. Revenue grew by 16% to £1.47bn.

The airline said it achieved this despite an increase in fuel costs of £87m, due to higher oil prices.

Passenger numbers also grew to 25.2 million, up more than 5% on a year ago.

"The economic environment remains uncertain and the aviation industry faces headwinds such as the recent increase in air passenger duty," said the airline's chief executive, Carolyn McCall.

"However, Easyjet's strategy of low fares and our focus on making it easy for our customers, aligned with tight cost management and strictly managed allocation of capital, ensure that Easyjet is well positioned to deliver good results for shareholders."

Easyjet has been in dispute with its founder, Sir Stelios Haji-Ioannou, over the airline's expansions plans.

Sir Stelios and his family own 38% of shares in Easyjet, but last year he said he was planning to set up a new airline called Fastjet.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories


Features & Analysis

Elsewhere on the BBC

  • ElvisSecret cinema

    Get off the beaten track and explore cinematic history in the Santa Monica Mountains


  • Virtual courtroomClick Watch

    The 'forensic holodeck’ system that recreates crime scenes as 3D virtual worlds

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.