British airline EasyJet said it had slashed first-half net losses on strengthening demand from holidaymakers, as the aviation sector recovers from Covid.
The group faced a loss after taxation of £307-million in the six months to the end of March, a results statement said.
The carrier, which is based in Luton north of London, added that revenues soared 80 percent to £2.7-billion on higher ticket prices and increased capacity, and gave a bright summer outlook. "EasyJet's optimised network combined with the strong demand seen for flights and holidays, enhanced revenue capabilities and operational resilience, means we enter the summer with confidence," said chief executive Johan Lundgren.
The results come after EasyJet upgraded its annual profit forecast twice earlier this year, as holidaymakers shrug off Britain's cost-of-living crisis.
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