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Brexit's hammering of the pound hits easyJet profits

flystly
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00:37, Oct 22 2018

Brexit's hammering of the pound hits easyJet profits

easyJet, the UK’s biggest budget airline by sales, has suffered from its first sharp fall in annual profits in six years and signalled earnings will remain under pressure from Britain's decision to leave the EU for some time to come.https://jp.ch.com/flights/SHA-HND.html" class="TyTxtSmlC">上海から東京航空券

The airline has been grappling with a combination of economic uncertainty following June’s shock referendum result, a string of terrorists attacks across Europe and traffic disruptions that have driven down fares and profits.The company is the only major airline to record its results in sterling and was consequently hit the hardest as a result of the fall in the value of the pound after Britain’s Brexit vote.

easyJet posted a 28 per cent tumble in pre-tax profits to £495m for the year to 30 September, compared to £686m the previous year, after the plunging pound cost it £88m. The company, confirmed it will set up a separate airline operation in continental Europe in case it is unable to keep its current flying arrangements once the UK leaves the EU.

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