TUMBLING oil prices could see an average of £2 knocked off fares charged by budget airline EasyJet.
The carrier estimates the halving in the cost of a barrel of crude since last summer will take between £90 million and £130m off its annual fuel bill.
A spokesman added this would be passed on to passengers, taking up to £2 off last year’s total average revenue per passenger of £62.64.
The group also said first-half seasonal losses would reduce this year as it has added more seats to successful routes and attracted record business passengers in the three months to the end of December.
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In November, EasyJet posted a full-year pre-tax profit up 21.5 per cent to £581 million, its fourth year in a row of record earnings, as it claimed it was winning the battle for the skies with both national flag carriers and budget rivals.
Yesterday chief executive Carolyn McCall said: “EasyJet has made a good start to [its financial] year by continuing to deliver its strategy of making travel easy and affordable. EasyJet is well-positioned to continue to deliver returns and growth to shareholders.”