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EasyJet half-year losses deepen after weak pound and late Easter

Air
Tom Parry
16 May 2017

EasyJet has reported a larger-than-expected loss for the first half of its financial year after feeling the impact of a late Easter and weak pound.

EasyJet has suffered a day of cancellations and delays

Despite boasting record passenger numbers, the low-cost carrier made a pre-tax loss of £236m in the six months to the end of March compared to a £18m loss in the same period last year.

Headline losses also deepened by £191m to £212m.

Total revenue grew 3.2% to £1.827bn and as the airline flew a record 33.8 million passengers in the six months - up 9% from a year before.

Revenues over the period rose slightly by 3.2% while load factor also rose by 0.5 percentage points to 90.2%.

EasyJet announced it would be launching its largest pilot recruitment drive in June, as it looks for an additional 450 pilots.