The low-cost airline, which announced a profit warning in June following the Brexit vote, is due to publish a trading update on Thursday for the financial year ending on September 30.
City analysts are forecasting that easyJet’s pre-tax profit could fall by more than 25% to around £500 million for the year due to the impact of intense competition, as well as the costs of having to cancel hundreds of flights due to air traffic control strikes in France.
The airline made a pre-tax profit of £686 million in 2015 but analysts are predicting a profit of between £497 million and £517 million this year.
Price war to push down easyJet profits
Air
Rob Gill
3 October 2016
EasyJet’s profits are expected to tumble due to the impact of a price war with Ryanair and air traffic disruption around Europe.
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