Business

EasyJet expects £28m hit and warns of negative Brexit impact

EasyJet said it will take a £28 million hit following two months of turbulence and warned that Brexit would also have a negative impact on its business
EasyJet said it will take a £28 million hit following two months of turbulence and warned that Brexit would also have a negative impact on its business EasyJet said it will take a £28 million hit following two months of turbulence and warned that Brexit would also have a negative impact on its business

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

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

The low cost carrier 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 £28 million and have had a negative impact on third quarter revenue per seat."

On Brexit, EasyJet said that it 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".