Easyjet announces 20 million in cost savings

2012-03-26 8

Europe's second-largest low-cost carrier Easyjet is celebrating the start of regular flights into Southend. The company has largely built the airport and is promoting it as London's fourth.

The low-cost segment of the aviation market is booming but challenges remain. Easyjet says cost-cutting has narrowed a forecast first-half loss, and it increased its revenue per seat by 10%.

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