Skift Take
If the UK economy moves into recession, companies will look to slash their corporate travel budget. Full service carriers like British Airways are likely to take the bigger hit, which could benefit low-cost airlines like easyJet.
The last few months have been pretty miserable for low-cost airline easyJet.
The UK-based carrier has seen its share price cut by almost a third in the wake of the Brexit vote as it warned of “additional economic and consumer uncertainty” over the summer.
easyJet has already had to deal with the impact of the Brussels terrorist attacks as well as a series of air traffic control strikes. All of which impacted the airline’s performance in its third quarter, which ended June 30.
However, the results did include one particular bright spot: The number of business passengers actually increased 6 percent. A small rise but an impressive one, given the unhelpful operating environment.
Going beyond budget
easyJet has been courting the business travel market for a number of y
