EasyJet Reports 300% Revenue Rise, But Fuel Costs Are Eating Away At Profits ...Middle East

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EasyJet Reports 300% Revenue Rise, But Fuel Costs Are Eating Away At Profits
source : OILPRICE ( Middle East ) () 19
Budget airline EasyJet has shrunk its losses as it braces for a 50 percent rise in the price of fuel next year as passenger levels fly. The loss-making airline, like most, had been struck hard by pandemic restrictions but is now battling against soaring inflation. EasyJet reported a pre-tax loss of £208m in the 12 months to the end of September, which includes around £78m associated with continued travel disruption. The airline has shrunk down a more than £1bn cavity from the year before. However, fuel costs are expected to eat…

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