Storia in 8 fonti

Why budget airline EasyJet has suffered a huge drop in profits

Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleEasyJet reported a 70 per cent slump in pre-tax profits, falling to £85 million in the three months to 30 June, down from £286 million a year earlier. The budget airline attributed the profit decline primarily to soaring fuel costs, which rose by £105 million due to the Iran war, and lower booking numbers. This financial update follows EasyJet's recent agreement in principle for a £5.7 billion takeover by US private equity firm Apollo. Passenger numbers decreased by 0.4 per cent to 25.8 million in the quarter, and the load factor also saw a reduction. EasyJet noted a trend of passengers booking closer to departure, with strong late bookings partially offsetting weaker overall demand. In fullEasyJet profits plunge 70 percent as soaring fuel prices hit budget airlineMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

Raccontata da