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EasyJet blames Brexit for weak outlook

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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.


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.

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