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EasyJet says Brexit uncertainty hitting customer demand

Air
James Chapple
1 April 2019

EasyJet expects to post a first-half (H1) loss of around £275 million and has forecast a tough summer with “unanswered questions” around Britain’s proposed departure from the EU lingering over the travel sector.

EasyJet has 168 more efficient Airbus Neo aircraft on order through to 2029

Chief executive Johan Lundgren said the Brexit circus in Westminster had conspired along with “macroeconomic uncertainty” to drive “weaker customer demand”, likely to impact its second-half results.


Lundgren confirmed the airline was on course to deliver H1 (six months to March 31) performance “in line with expectations” following guidance dating to January 22.


While easyJet expects H1 revenue to grow 7.3% to about £2.34 billion on an increase in seat capacity of about 46.2 million (14.5%), it said a £37 million fuel bill and £8 million hit from foreign exchange had contributed to the loss. The airline will post its full H1 results on May 17.