EasyJet said Thursday it expected first-half losses to be cut by more than £50 million ($62 million) as strong holiday demand offset higher fuel prices and disruption from the Gaza war.

The no-frills carrier forecast pre-tax losses of between £340 and £360 million in its six months to the end of March, which would be an improvement on the equivalent period a year earlier.

EasyJet, which flies mainly in Europe, paused flights to and from Israel after the Gaza war started in October.

It resumed flights to and from Tel Aviv at the end of March but following Irans weekend attack on Israel, EasyJet on Tuesday said it would again pause services until October 27.