Snow, strikes and fuel costs trigger losses at budget airline easyJet | Mail Online

Snow, strikes and fuel costs trigger losses at budget airline easyJet | Mail Online: "Shares in easyJet took a 16pc dive after it forecast a first-half loss nearly twice as heavy as last year, triggered by rising fuel costs and disruption from snow and strike action.

Airlines traditionally lose money in the first six months of the year, but the no-frills carrier predicted a £160m foray into the red, compared with a pre-tax loss of £78.7m last year.

Chief executive Carolyn McCall - recruited from Guardian Media Group in March 2010 - said severe weather and air traffic control strikes in Europe had cost the company some £31m. The disruption saw McCall and her board forfeit their bonuses for 2010, according to accounts released earlier this week."

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