easyJet’s loss deepens despite strong passenger growth

easyJet in Geneva

Geneva, Switzerland (GenevaLunch) - The number of passengers travelling on easyJet grew by 11.6 percent in the past six months, but the airline’s growing popularity was not enough to stem losses due to fuel price increases. The company 10 May published half-year results.

Load factor was a healthy 84.6 and 59 percent of the 23.9 million passengers now originate outside the UK. The airline is Geneva’s largest, with 36 percent of the airport’s traffic.

The pre-tax loss was £153 million, compared to £78m in the previous six months, due to steeper fuel prices and passenger taxes: “Fuel unit cost increase accounts for £43 million and increased passenger taxation accounts for £21 million of the £74 million increase in pre-tax loss compared with the prior year,” the company’s statement notes.

easyJet says it has now sold nearly half of its summer seats.