EasyJet reports losses of €63.3m

RYANAIR rival EasyJet made after-tax losses of €63.3 million in the last six months as Europe’s biggest low-cost airline struggled to match its Irish counterpart in the earnings stakes.

Ryanair is expected to post after-tax profits close to €84 million over the same period, according to Davy Stockbrokers, as its pushes up passenger numbers within striking distance of 24 million this year.

The EasyJet swing to losses came as sales rose 92% to £373 million following the acquisition of Go Fly Ltd., the company said in a Regulatory News Service statement.