EasyJet enjoyed a 32% year-over-year increase in revenue to £641 million ($1.28 billion) in the fiscal third quarter ended June 30 and said it has offset more than 50% of the expected full-year fuel cost increase with new revenue and cost-cutting initiatives. However, the new fiscal year will dawn with a winter that "will be challenging for the whole airline sector," and the LCC said it will cut capacity growth to 4%-6%, "with flexibility to scale back further." The carrier transported ...

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