Seasonal demand for air travel means airlines often record losses in the winter followed by profits in the summer.

EasyJet reported a headline pre-tax loss of £394 million for the six months to the end of March.

That is compared with losses of £350 million a year ago, but represents a “slight improvement” of about £50 million when the later timing of Easter this year is taken into account, the airline company said.

Seasonal demand for air travel means airlines often record losses in the winter followed by profits in the summer.

EasyJet said the number of passengers it carried in the first three months of the year was 18.2 million, up 8% compared with a year ago.

Its package holiday arm recorded pre-tax profits of £44 million for the six months to March 31.

That is a 42% increase year-on-year.

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