EasyJet has revealed first-half losses are expected to narrow by more than £50m after this year’s early Easter helped offset a hit from the Israel-Hamas conflict. In an update on its half-year performance, the group said it is on track for headline pre-tax losses of £340m to £360m in the six months to March 31, against losses of £411m a year earlier.
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00:00 Hello, my name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
00:06 Here are your business headlines for this morning.
00:09 EasyJet has revealed that first half losses are expected to narrow by more than £50 million
00:15 after this year's early Easter helped offset the impact from the Israel-Hamas conflict.
00:22 In an update on its half-year performance, the group said it's on track for headline pre-tax losses
00:28 of £340 million to £360 million in the six months to March 31st
00:34 against losses of £411 million a year earlier.
00:38 The airline said demand has bounced back since late November,
00:42 with half-year figures also boosted by the start of the Easter holidays falling in March this year.
00:48 This comes in spite of a direct impact of around £40 million in the six months to end of March
00:53 due to the war between Israel and Hamas.
00:56 It's an update from EasyJet who says that its first half losses are expected to narrow.
01:02 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.