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| Easyjet expects first half losses to fall after growth in sales | Easyjet expects first half losses to fall after growth in sales |
| (3 months later) | |
| Economy airline Easyjet expects first half losses to shrink, helped by growing capacity and record number of business passengers in the first quarter. | Economy airline Easyjet expects first half losses to shrink, helped by growing capacity and record number of business passengers in the first quarter. |
| The firm expects losses of between £10m and £30m in the first half of the year, compared with £53m last year. | The firm expects losses of between £10m and £30m in the first half of the year, compared with £53m last year. |
| It hopes to pass lower fuel costs on to passengers, it added. | It hopes to pass lower fuel costs on to passengers, it added. |
| Airlines and travel companies tend to make losses in the winter, making most of their profits during the summer. | Airlines and travel companies tend to make losses in the winter, making most of their profits during the summer. |
| "We further strengthened our network in the quarter adding around 500,000 seats, the majority of which are from airports where Easyjet has a number one or number two position," said Easyjet chief executive Carolyn McCall. | "We further strengthened our network in the quarter adding around 500,000 seats, the majority of which are from airports where Easyjet has a number one or number two position," said Easyjet chief executive Carolyn McCall. |
| "This combined with our new TV ads aimed at business travellers enabled Easyjet to sell record numbers of seats to business travellers in the first quarter," she added. | "This combined with our new TV ads aimed at business travellers enabled Easyjet to sell record numbers of seats to business travellers in the first quarter," she added. |
| Easyjet said it expects to pass fuel cost savings on to passengers, probably cutting around £2 off its average fare. | Easyjet said it expects to pass fuel cost savings on to passengers, probably cutting around £2 off its average fare. |
| "EasyJet expects that lower fuel costs will be beneficial for its customers as fares adjust," it said. | "EasyJet expects that lower fuel costs will be beneficial for its customers as fares adjust," it said. |
| Oil prices have fallen by more than half since the summer, and the firm expects its annual fuel bill to be between £90m and £130m less than it was in the 12 months to 30 September 2014. | Oil prices have fallen by more than half since the summer, and the firm expects its annual fuel bill to be between £90m and £130m less than it was in the 12 months to 30 September 2014. |
| Competitor Ryanair is also trying to attract more business travellers. | Competitor Ryanair is also trying to attract more business travellers. |
| Ryanair has added new routes and boosted capacity, and has made moves to improve its customer service. | Ryanair has added new routes and boosted capacity, and has made moves to improve its customer service. |
| Its shares hit an all-time high this month after a surge in passenger numbers. | Its shares hit an all-time high this month after a surge in passenger numbers. |