Budget airline EasyJet suffered a loss of $85.4 million within 6 months

Budget airline Easyjet has suffered $85.4 million loss during last six months and the rising of fuel costs is considered as the main cause for loss. According to the report the losses is three times more than that of rise in fuel cost. The loss of $85.4 million (43.3 million pounds) is being compared with the loss of 12.7 million pounds that occurred last year at same period of March 31.

Along with the 17% gain in passenger revenue to $1.48 billion (751 million pounds), revenue rose to $1.76 billion (892.2 million pounds). At the London stock exchange, there is a rise in the airline’s share which is estimated at 3.1 percent to 306.75 pence ($6.05; 3.90 euros).

The airline’s shares rose 3.1 percent to 306.75 pence ($6.05; 3.90 euros) on the London Stock Exchange. According to Andrew Fitchie, analyst as Collins Stewart, the time was to be considered to bail out of the easyJet. According to him it is vulnerable for the easyJet as in current condition; there is revision in 08 consensus earnings estimate of 33 pence per share for easyJet as they forecast 24 pence for this year.

As the impact loss is concerned, Fitchie hints that there may be possibility that the consumer have to also compromise with the luxuries provided by easyJet during the travel and if it happens it will really be disgusting. Fitchie said, they are not willing to do so but it may occur.