Easyjet shares continued Friday’s downward trend today after issuing a warning on third-quarter profit.
The company have seen demand hit by several issues this year, including French air traffic traffic strikes, congestion at Gatwick airport and the Egyptair tragedy, which led to 1061 flight cancellations.
Pre-tax profit in the three months to the end of June will be £28 million lower than expected, with revenue per seat falling 8.6 percent. The company will provide further guidance on full year profit expectations on July 21st, when it publishes its third quarter results.
“Following the outcome of the EU referendum, we also anticipate that additional economic and consumer uncertainty is likely this summer and as a consequence it is expected that revenue per seat at constant currency in the second half will now be down by at least a mid-single digit percentage compared to the second half of 2015,” easyJet said.
Easyjet are currently trading down 16.37 percent at 1099.00 (0938GMT).
27/06/2016
