Easyjet warns of £90m currency hit

Easyjet warns of £90m currency hit
 

Easyjet has warned that the weakened pound will cost it £90m in its current financial year.
That is more than double its original estimate made in July, when it warned of a £40m hit.
Jet fuel is priced in dollars, so the falling pound has made it more expensive for Easyjet to run its aircraft.
Easyjet expects a profit of between $490m and £495m for its financial year, which ends on 30 September.
That would be down 28% on the £686m annual profit it made in 2015.
"The current environment is tough for all airlines, but history shows that at times like this, the strongest airlines become... read more

 
6 October 2016 in Business, Views: 39
Source: BBC
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