EasyJet annual profit drops 30% as competition bites
AFP
| 2017/11/21 | 298 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
EasyJet's annual net profit slumped by almost one third on strong competition and a Brexit-fuelled slump in the pound, the British no-frills airline revealed on Tuesday. Profit after tax slumped 30 percent to £305 million ($404 million, 344 million euros) in the 12 months to September 30 compared with a year earlier, EasyJet said in an earnings statement.Heavy falls in the value of the pound made dollar-priced jet fuel more expensive. At the same time however, a relatively low oil-price envi...(…)
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