Easyjet Issue Stark Warning Over Fuel Costs

Budget airline easyjet have claimed that many of their weaker competitors may be forced to downsize or stop trading due to the huge rises in fuel costs over the last year.

easyjet chief executive Andrew Harrison

The airline released its financial results today with the chief executive Andy Harrison stating that fuel costs still remain the biggest obsacle for airlines. Aviation fuel prices have increased by 35% in the last three months and 80% in the last year

Smaller airlines going out of business will only serve to increase easyjets market position and strength. Easyjet's financial results showed that up to March the 31st and the six months previously saw the total revenue of easyjet grow to £892.2 million with their pre-tax margain falling withing expectations.

Image courtesy of easyjet airline company limited

Published by: Jon Vickery