easyJet says losses widen on soaring fuel costs

10th May 2011, Comments 0 comments

British no-frills airline easyJet said on Tuesday that net losses widened to £114 million (131 million euros, $187 million) during the group's first half, hit by soaring fuel costs.

EasyJet said losses after tax for the six months to March 31 compared with a net loss of £59 million during the group's first half in 2009/10.

"The past six months has been tough with sharply rising fuel costs combined with cautious behaviour by consumers and an adverse impact from taxes on passengers," easyJet chief executive Carolyn McCall said in a statement.

© 2011 AFP

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