Easyjet profits tumble after year of 'challenges'

Easyjet profits tumble after year of 'challenges'

Easyjet's profits have tumbled during what the airline said had been a year of "significant challenges"

Pre-tax profits in the year to 30 September fell 27.9% to ?495m, although the fall was in line with guidance that the carrier gave last month.

Sterling's weakness, the impact on air travel of terror attacks, and air traffic control strikes hit trade.

Although passenger numbers rose 6.6% to 73.1 million, revenues fell 0.4% to ?4.67bn as the airline cut fares.

Easyjet's chief executive, Carolyn McCall, said: "EasyJet achieved a resilient performance in 2016, in the face of significant challenges including a series of external events and foreign exchange headwinds."


Those challenges included terror attacks across Europe, Egypt and Tunisia, air traffic control strikes in France and political turmoil in Turkey. The airline has also been hit by sterling's sharp depreciation since the Brexit referendum.

EasyJet has bases across 11 UK airports and flies more than 830 routes on its network across Europe, the Middle East and North Africa.



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