EasyJet Profits Hurt by Weaker Pound After Brexit Vote
Photo Credit: An EasyJet aircraft. The carrier has warned of a “tough pricing and operating environment.” EasyJet
Skift Take
While the first quarter figures point to an airline ticking along nicely, the outlook remains fairly gloomy, especially as no one really knows how big an impact the UK's protracted departure from the European Union will have on the economy.
UK airline EasyJet has said that the fall in value of the pound after last-year’s Brexit vote will knock around $131 million (£105 million) off its full-year pre-tax profits as it warned of a “tough pricing and operating environment.”
The cautious outlook came as the carrier reported that revenue during the first quarter increased by 8.2 percent to $1.2
