Easy Jet: £212 million loss – blames Brexit vote

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Posted By: Marcel van Leeuwen May 16, 2017

Budget airline easyJet has posted a whopping £212 million loss – and laid the blame squarely at the fallout from the Brexit vote.

It said the loss, which sent shares tumbling 6%, was mainly down to the collapse of sterling in the wake of the June 23 referendum.

The airline said £82 million of the loss was because of the weaker pound – with a further £45m owing to the late Easter this year.

Carolyn McCall, easyJet chief executive, told BBC Radio 4’s Today show it was normal for the company to make a loss in the first half of its financial year.

“Nineteen out of 21 years, easyJet has lost money in the winter and actually airlines do lose money in the winter,” she said.

SOURCE YAHOO, Read more..

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