SNOW COSTS EASYJET £18M BUT REVENUE UP 7.5%

Low cost UK airline easyJet has announced revenues for the final quarter of 2010 increased by 7.5% to £654million despite the cost of the snow disruption in December costing the airline £18 million. The airline was also impact in the fourth quarter of last year due to strike action by air traffic controllers, which cost £6 million. Passenger numbers were up in the same quarter by 8.8% to 11.9 million. Despite the positive results, easyJet warned that higher fuel costs would lead to bigger half-year losses. It said the loss from October last year to March this year would be