Low cost airline easyJet has said that the increasing price of oil is continuing to dent its profits.
For the six months to 31 March the firm made a £57.5m loss, including £9.1m of costs from its purchase of GB Airways, against a £17.1m loss the previous year.
Fuel costs in the April to September are set to increase by at least £45m, the airline added.
The price of jet fuel has risen 35% over the last three months and is now 80% higher than last year, said the airline’s chief executive Andy Harrison.
easyJet said its fuel bill would also rise by an extra £2.5m for every $10 rise in the price of a barrel of oil.
Despite this, passenger numbers in the first half of the year rose by 15% to 18.9 million, whilst revenue grew 24% to £892.2m.