EasyJet, the second largest low-cost airline by passenger’s number, reported that the loss of the airline has been doubled in the first-half as they struggled to contain the impact of higher-oil prices. The earnings of the EasyJet hit with the 40% rise in the prices of fuel in the first six months of 2011. The rise in the departure text is also a reason for the loss in earnings of the airline.

The airline has posted its first quarter pre-tax losses which have been raised by almost 94% to £153m from £79m in last six months. However, the revenue of the company has risen by 8% to £1.27bn, which is an increment of 12%. The loss of the company in per share has increased to 27p. While, the shares of the EasyJet are up by 3% at 357.5 pence in London.

The losses were not unexpected, as the analysis has revealed that rising fuel costs will affect the earnings of the airline.

The Chief Executive of EasyJet, Carolyn McCall, asserted, “The past six months has been tough with sharply rising fuel costs combined with cautious behavior by consumers and an adverse impact from taxes on passengers”.

Meanwhile, the company said that the outlook is challenging for all the airlines across Europe.