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British no-frills airline EasyJet said Thursday that its losses deepened in the six months to end-March after the Middle East war sent jet fuel prices soaring, AFP reports.
The headline loss after tax came in at 377 million ($506m) for first half of its financial year, a rise of 27 percent from the period a year earlier, as the US-Iran conflict also upended travel plans, the carrier said in a statement.
Revenue jumped 12 per cent to 3.954 billion, as passenger numbers rose six percent over the reporting period.
EasyJet said “it has been impacted by the Middle East conflict through higher fuel costs and lower forward visibility”.
