EasyJet's Losses Narrow Despite £40 Million Middle East Hit

Photo by Denis Doyle/Getty ImagesGetty ImageseasyJet’s share price rose on Wednesday as the budget airline announced narrowing losses despite problems on its Middle Eastern routes.At 531p per share, the FTSE 250 company was 4.5% higher in midweek trading.Revenues ticked 22% higher during the final three months of 2023, easyJet said, to £1.8 billion. This meant pre-tax losses narrowed slightly to £126 million from £133 million in the same 2022 period.Passenger revenues rose 16%, to £1.1 billion, as traveller ...