EasyJet has reported a headline pre-tax loss of £394 million for the six months ending March, marking a slight improvement from the £350 million loss recorded in the same period last year. The airline attributes this marginal betterment, approximately £50 million, to the later timing of Easter this year, which has historically influenced seasonal demand for air travel. Despite the winter losses, the company remains optimistic about the upcoming summer season, traditionally a profitable period for airlines.

The carrier transported 18.2 million passengers in the first quarter, an 8% increase compared to the previous year, signaling a robust recovery in travel demand. Furthermore, EasyJet's package holiday division showcased a significant 42% year-on-year growth, with pre-tax profits reaching £44 million for the half-year. This performance underscores the airline's successful strategy to diversify its offerings and capture a larger share of the travel market.

Kenton Jarvis, EasyJet's chief executive, highlighted the airline's commitment to enhancing customer experience and operational efficiency as key drivers of its strategy. The announcement of a new base in Newcastle, set to open next spring, reflects EasyJet's ambition to expand its network and provide customers with more choices for flights and holidays across Europe and the UK.

Looking ahead, EasyJet is focused on achieving another record summer, with expectations of strong earnings growth. The airline's long-term goal of sustainably generating over £1 billion in annual pre-tax profit remains a central focus, as it continues to navigate the challenges and opportunities of the aviation industry.

Northern Ireland continues to dominate UK house price growth, posting a remarkable 9.6% annual increase in the third quarter according to Nationwide Building Society data. This performance significantly outpaces other UK regions, echoing trends seen in border regions of Ireland in recent quarters. The sustained strength in Northern Ireland's property market stands in stark contrast to more modest growth patterns elsewhere in the United Kingdom.

Wales demonstrated steady improvement with annual house price growth accelerating to 3.0% in the third quarter, up from 2.6% in the previous quarter. The average house price in Wales now stands at £213,359, remaining below the UK average of approximately £272,000. Scotland experienced a slowdown in growth to 2.9% from 4.5% in the second quarter, while England saw further deceleration with annual growth dropping to 1.6% from 2.5% in the previous quarter.

Regional disparities within England reveal a clear north-south divide. Northern England, comprising North, North West, Yorkshire & The Humber, East Midlands and West Midlands, recorded average price growth of 3.4% year-on-year. The North region specifically emerged as England's top performer with prices up 5.1% annually. Meanwhile, Southern England saw growth slow to just 0.7%, driven by marked softening in Outer Metropolitan and Outer South East regions, with the latter being the weakest performing area at just 0.3% growth.

Property type performance shows semi-detached homes leading the market with 3.4% annual price growth, followed by detached properties at 2.5% and terraced homes at 2.4%. Flats experienced a slight decline of 0.3% year-on-year and have shown noticeably weaker growth than other property types over the longer term. Robert Gardner, Nationwide's chief economist, noted that despite global economic uncertainties, underlying conditions for potential home buyers remain supportive, with housing market activity likely to strengthen gradually if the broader economic recovery is maintained.