None
EN
EasyJet blames ‘competitive environment’ as winter losses grow
[]
The Independent
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent.
Read our Privacy noticeNo-frills carrier easyJet said its losses grew by 52% for the latest quarter on the back of investments in Italy and a “competitive environment”.
EasyJet attributed its financial performance to it being the first winter running bases at the Italian airports of Milan Linate and Rome Fiumicino.
It added that it will take time for “capacity investments to reach maturity”, and that there is a “continued competitive environment in specific markets”.
In November, easyJet reported a 9% rise in headline pre-tax profits to £665 million for the year to September 30.