(Alliance News) – Airline easyJet PLC on Tuesday said it expects a narrowed half-year loss with current operations running broadly as planned despite wide-spread reports of disruption.
For the first half to March 31, the budget airline expects to report revenue of GBP1.50 billion, with headline costs around GBP2.05 billion. It has guided for a headline pretax loss in the range of GBP535 million to GBP565 million, which would be narrowed from GBP701 million year-on-year.
“First half losses have reduced year on year, outperforming expectations, as self-help measures including network optimisation, ancillary products, and a continued cost focus deliver. This result is despite ongoing challenges from Covid-19, rising fuel prices, the removal of furlough support and incremental costs associated with ramping up operations,” Luton-headquartered easyJet explained.
The firm said summer bookings for the last six weeks have tracked ahead of pre-pandemic levels as travellers book closer to departure.
easyJet expects its third quarter capacity to be about 90% of the same period in…
