Budget airline Easyjet announced a larger-than-expected half-year loss on Tuesday, after terrorist attacks and strike impacted on sales.
The company disclosed a pre-tax loss of £24 million for the half year to March, a huge decrease from a profit of £7 million the year before. Analysts are expecting the company to report a pretax profit of £721 million for the 12 months ended September 30th.
Easyjet are the latest in a string of airline groups to be hit by weaker demand following terrorist attacks on European cities, including British Airways owner IAG and Lufthansa.
Shares are trading up 2.01 percent on the news, at 1499.54 (1122GMT).
10/05/2016
