EasyJet says annual profit to fall on disruption, security woes

EasyJet says annual profit to fall on disruption, security woes
 

British airline easyJet warned its profit would fall by over 25 percent this year as security issues dampened demand and low fuel prices meant there was more competition in the European short-haul market.
easyJet's higher exposure to security-hit destinations in Egypt, Turkey and the French cities of Paris and Nice has meant the airline has fared worse this year than its bigger low-cost rival Ryanair.
For the year ended Sept. 30 2016, easyJet said that its profit would fall for the first time since 2009, coming in at between 490 million pounds and 495 million pounds, compared to the 686... read more

 
6 October 2016 in Business, Views: 38
Source: Reuters
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