Shares of U.K. airline easyJet fell Tuesday despite the company reporting a better-than-expected pretax loss for the first half of its trading year and an increase in revenues.
Airlines notoriously suffer during winter months with lower passenger numbers and this proved to be the case for easyJet. It made a pretax loss of £53 million ($89.5 million), better than its own guidance of a loss of between £55 million and £65 million. It was also a narrower loss than the £61 million it recorded in the first half of 2013.
"We're on track for the second half of the year," CEO Carolyn McCall told CNBC Tuesday. She added that the company was growing organically and looked forward to making further progress in the second half of the year.