Easyjet shares jump as boost from rivals' woes outweighs profit fall sparked by weak pound



Low-cost airline Easyjet saw record passengers and capacity this year, but lower fares, currency headwinds and higher costs mean that profits fell.
However, it saw a trading boost from the collapse of Monarch and woes of rival Ryanair, which cancelled thousands of flights following a mix-up over pilots’ rosters.
Shares in the company rose 6.7 per cent, or 86p to 1,364p in morning trading.
The budget airline posted a 17 per cent decline in pre-tax profits to £408million in the year to the end of September as it took a £101million hit from the weak pound.
An 8.5 per cent rise in capacity mean... read more

 
21 November 2017 in Business, Views: 43
Source: Daily Mail
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