BREXIT-RELATED CURRENCY VOLATILITY CAUSED EASYJET PROFIT SLUMP SAYS CEO
December 1st, 2016
Currency exchange falls in Pounds Sterling following the UK’s Brexit vote have been blamed by easyJet for a decline in profits. The company which has extensive costs in the Eurozone and revenues in the UK, reported a 27% year-on-year dip in pre-tax profits to GBP495 million (EUR 587 million) for the year to September 30, 2016.
Carolyn McCall, easyJet chief executive said: “EasyJet achieved a resilient performance in 2016, in the face of unprecedented challenges including a series of external events and foreign exchange headwinds.” Ahead of the June 23 ...
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