Easyjet earnings crimped by costs

http://news.bbc.co.uk/go/rss/-/1/hi/business/6934402.stm

Version 0 of 1.

Budget airline Easyjet has seen a drop in its earnings per seat after it had to boost its spending on marketing and UK passenger duty levels increased.

The company said that its revenue per seat was £41.46 in the three months to the end of June, 8% lower than in the same quarter a year earlier.

However, the airline carried more passengers, helping to push total revenues 5.7% higher to £486.5m.

The carrier added that its expansion outside of the UK had helped.

"Rapid growth outside the UK means 46% of Easyjet's revenues are now in currencies other than British pounds," the company said.