EasyJet cuts winter losses despite cancelled flights due to Israel-Gaza war

EasyJet’s profits have been hit by higher fuel costs and a £40m loss from cancelled flights to Israel and Jordan. Photograph: Eric Gaillard/Reuters

EasyJet has cut its winter losses by at least £50m and said it is confident of a record summer, despite higher fuel costs and a £40m loss from the war in the Middle East.

The airline said it expects pre-tax losses of between £340m and £360m for the traditionally loss-making six months to the end of March, in a trading update before its half-year results.