EasyJet shares rise 4.5% on winter season sales boost

EasyJet said its loss over the winter low season will shrink as the collapse of tour operator Thomas Cook pushes more customers its way.

The stock rose 4.5%, after EasyJet said the shortfall for the six months through March is likely to be smaller than last year’s £275m (€322m) loss. Robust demand and lower capacity levels at competitors have bolstered fares, the airline said.