Budget airline Easyjet has seen a drop in its earnings per seat after it had to boost its spending on marketing and UK passenger duty levels increased.
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The company said that its revenue per seat was £41.46 in the three months to the end of June, 8% lower than in the same quarter a year earlier.
However, the airline carried more passengers, helping to push total revenues 5.7% higher to £486.5m.
The carrier added that its expansion outside of the UK had helped.
"Rapid growth outside the UK means 46% of Easyjet's revenues are now in currencies other than British pounds," the company said.