As EasyJet’s results show, it looks like tough times ahead for air travel.
The airline posted pretax losses of £57.5 million for the six months to the end of March. That figure includes the cost of integrating GB Airways - £9.1 million – but the rest seems to be down to fuel prices.
It'll be interesting to see how this will impact its fares going forward and consumer's holiday choices.
Who'd own an airline right now? Prices will have to rise as the cost of oil soars.
We need to remember that consumers have enjoyed a long period of very cheap travel BUT price is so important, especially when the economy is under pressure and prices are rising for food etc. Not to mention mortgages.
Hmmm - prices must surely rise.