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EasyJet blames ‘tougher’ conditions for higher winter loss

Air
Rob Gill
17 May 2019

EasyJet has seen its winter loss rise sharply to £275 million as the airline faced “tougher trading conditions” and higher costs.

EasyJet has 168 more efficient Airbus Neo aircraft on order through to 2029

In comparison, the low-cost carrier made a pre-tax loss of just £18 million during the same six-month period in 2018.

The increased loss came despite easyJet’s revenue rising by 7.3% to £2.34 billion, thanks to a 14.5% increase in capacity, which helped passenger numbers jump by 13.3% to 41.6 million for the half-year period, up to 31 March.

EasyJet said it had been affected by the “ongoing negative impact of Brexit-related market uncertainty as well as a wider macroeconomic slowdown in Europe”, with forward bookings for its third quarter running at 72% – down by three percentage points on this time last year.