Volcanic ash costs Easyjet £65m

The volcanic ash cloud cost Easyjet an estimated £65m in lost contribution and additional costs, according to its results for the second quarter of 2010.

Volcanic ash costs Easyjet £65m
Volcanic ash costs Easyjet £65m

The low-cost airline’s total revenue grew by 5.3% to £759m and passenger numbers increased by 3.5% to 12.3m, for the same period.

The disruption from Iceland caused the airline to cancel 7,314 flights, affecting nearly a million passengers and costing an estimated £65m in lost contribution and additional costs.

Easyjet chief executive Carolyn McCall said: "Easyjet has continued to deliver a good commercial performance in the quarter. The company continues to expect to make a pre-tax profit for the year of between £100m and £150m at current exchange rates and fuel prices."

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