United Kingdom  

Celebrating 10 Years of Trusted News Discovery
One News Page
> > >

EasyJet blames Brexit for weak outlook

Video Credit: Reuters Studio - Duration: 00:51s - Published < > Embed
EasyJet blames Brexit for weak outlook

EasyJet blames Brexit for weak outlook

British low-cost carrier easyJet warned on Monday that demand and pricing were suffering from Brexit jitters and a weaker economic outlook, sending shares in European airlines lower.

Edward Baran reports.

0
shares
ShareTweetSavePostSend
 

EasyJet blames Brexit for weak outlook

Easyjet is warning of turbulence ahead...and dialling back expectations for the crucial summer season... The airline says full-year profits will be weaker than expected.

Ticket demand and pricing are suffering from Brexit jitters -- plus a weaker economic outlook.

The company is set to rack up a loss of 275 million pounds for the first half of its financial year.

Shares fell 7 per cent in response to the warning, and sent other European airlines lower.

Europe's carriers are battling over-capacity and high fuel costs.

Iceland's WOW air being the latest budget casualty, ceasing operations last week.

Britain and the EU say flights will continue, even if there's a no-deal Brexit.

And Easyjet says it's sure they'll be flying as usual.




You Might Like

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.