EasyJet cuts winter losses despite cancelled flights due to Israel-Gaza war

Budget airline says demand has rebounded, with strong bookings at its holiday arm

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EasyJet has cut its winter losses by at least £50m and said it is confident of a record summer, despite higher fuel costs and a £40m loss from the war in the Middle East.

The budget airline said it expects pre-tax losses of between £340m and £360m for the traditionally loss-making six months to the end of March, in a trading update before its half-year results.