Easyjet shares sink as it warns of widening losses
Shares in Easyjet have slumped more than 13% after the budget airline warned that higher fuel costs could double half-year losses.
It estimated that the loss from October last year to March this year would be between £140m and £160m, compared with a loss of £78.7m a year earlier.
Despite this though the airline said revenue in the final quarter of 2010 grew 7.5% to £654 million, while passenger numbers were up nearly 9%
Airline analyst, John Strickland told the BBC the airline would be looking to make up for its loss over the summer.
- 20 January 2011
- BBC News