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Easyjet profits hit as strikes, congestion and severe weather forces cancellations

By Ravender Sembhy

Published 05/07/2016

Easyjet is facing turbulent times
Easyjet is facing turbulent times

EasyJet has said it will take a £28m hit following two months of turbulence and warned that Brexit would also have a negative impact on the airline.

In May and June, strikes in France and severe weather and congestion issues at Gatwick led to more than 1,000 cancellations, with the EgyptAir tragedy also denting demand.

The budget airline said: "The operating environment for all European airlines in May and June has been extremely challenging. These incidents, together with the EgyptAir tragedy, resulted in some drop-off in consumer demand leading to lower yield and have impacted third quarter profit before tax by approximately £28m and have had a negative impact on third quarter revenue per seat."

And on Brexit, EasyJet said that the company anticipates economic and consumer uncertainty this summer and, as a result, revenue in the second half will be down by "at least a mid-single digit percentage".

Belfast Telegraph

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