EasyJet Record Double Losses

The high cost of fuel and increased passenger taxes are being blamed by easyJet for a its pre-tax loss doubling in the last year to £153 million up from £74 million. While passenger numbers actually increased by 12% to 23.9 million losses were recorded due to a rise in fuel costs amounting to £43 million and a further £21 million in passenger taxes.

Chief Executive Carolyn McCall explained the last six months had been tough what with rising fuel costs and cautious behaviour from consumers due to the economy. Though she insisted progress had been made in implementing the strategy set out after the review of business last year.

Mrs McCall remained confident highlighting they had optimised business routes via offering attractive routes at a better frequency and that cash generation remained strong and steps taken were having a positive effect.