Toughest summer for years, warns Easyjet

EasyJet warning
Easyjet chief executive Carolyn McCall

THE chief executive of Easyjet says the airline is facing ‘the most difficult summer holiday season for years, following the fall in the value of the Brexit-hit pound and in consumer confidence after political turmoil in Turkey and recent terrorist attacks.

The low-cost carrier says it has been forced to slash fares, which are down by more than five per cent year on year, to boost demand, while costs have surged after the pound has fallen around ten per cent since the UK’s decision to leave the EU.

Carolyn McCall said that the group was battling against the toughest period in her tenure at the helm, following two months of turbulence and the EU referendum and she added that the pound’s plunge after the Brexit vote had seen a £40 million currency swing against the group, while holidaymaker confidence had also been affected by sterling’s weakness as well as the massacre in Nice and the attempted coup in popular sun-seeker destination Turkey.

The group said that revenues dropped 2.6 per cent to £1.2 billion in its third quarter, after being knocked by traffic control strikes, runway closures at Gatwick Airport and severe weather.

 

 

 

 

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Comments for: "Toughest summer for years, warns Easyjet"

jersey man

Can you start doing flights from Bristol to jersey? because the flights with flybe are way to expensive...

Shadow

We have to roll with the times, why do big corporations think they should be exempt! perhaps if you get prices low during good times, your revenue would increase to the value which you shareholders demand year on year. You don't need to have attended London School of Economics to understand. While you're at it Easyjet why not cater for jersey residents to foreign destinations, without the need to travel away from your holiday airport, ie gatwick, stansted. I'm sure planes which fly to and from Jersey, have more mileage than a 40/45 minute flight. Perhaps we are the exception being a captive market, so Easyjet and others like to make us pay for 2 flights (even though one is classed as an internal - not requiring a passport just photographic documentation - driving licence) yet we have to pay 2 sets of taxes, airport fees, which I understand we should be exempt from one of them, but information is lacking on this basis.

MichaelJSY

I imagine the Channel Islands will benefit from the Brexit, more holiday's are being booked locally in the UK. Would not surprise me if Easy-jet open up another daily flight to and from the island.

S2

What Shadow said. Always had a good experience with Easy Jet but wish they'd have a 'through connections' facility, both through booking, say, Jersey - Liverpool - Barcelona and also to get through flight connections =-= Gatwick staff say its company policy for Easy Jet that you have to Q for another 30 minutes thru security.