For the six months to 31 March the firm made a loss of £57.5m, including £9.1m of costs from its purchase of GB Airways, against £17.1m a year ago.

Fuel costs in the April to September are set to increase by at least £45m, the airline added.

Easyjet said its fuel bill would also rise by an extra £2.5m for every $10 rise in the price of a barrel of oil.

'Emerge stronger'

The airline said that passenger numbers in the first half of the year rose by 15% to 18.9 million. Revenue grew 24% to £892.2m. ... Read full article