EasyJet losses increase as costs increase

Budget airline easyJet reported a near-doubling in losses today as the airline battled higher fuel prices and challenging consumer conditions.

Pre-tax losses increased 94% to £153m (€174.44m) in the six months to March 31 after the latest surge in the price of jet fuel cost it an extra £43m (€49m) and it absorbed an increase in air passenger duty.