(News Bulletin 247) – The British low-cost airline easyJet announced on Tuesday that it had reduced its losses in the first half and said it expected to generate an annual result higher than market forecasts.

Its loss before tax should be between 405 and 425 million pounds over the six months to the end of March, while it had been 545 million pounds over the same period of the previous year.

In its press release, the ‘low cost’ carrier indicates that its passenger traffic increased by 35% over the half-year, which enabled it to post a turnover up by 80% to 2.39 billion euros. pounds (estimated figure) thanks to the strength of its prices.

The group explains that it benefited from a “robust” operational performance during the Easter holidays and says that it expects the dynamism of its reservations to continue this summer.

Although it says it is aware of the economic uncertainties of the moment, easyJet says it expects, on the basis of the current solidity of demand, an annual result higher than the market consensus, which targets 260 million pounds for the financial year which will end at the end of september.

Following this publication, the action easyJet listed on the London Stock Exchange climbed 3.2% Tuesday morning in the first exchanges.

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