Analysts ‘expect profit slump’ at EasyJet
Analysts are expecting easyJet’s profits for the financial year to the end of September 2016 to be down by more than a quarter, to about £500 million.
The Sunday Times reports fears over terrorist attacks, a ‘bruising price war’ with Ryanair and concern over rising oil prices have all affected the airline and will be reflected in the company’s interim management statement, which comes out on Thursday.
In addition, chief operating officer Warwick Brady left last week and has been replaced by former TUI Aviation COO Chris Browne.
Browne relinquished her non-executive directorship role on easyJet’s board and officially starts her new role this week.
Lisa
Lisa joined Travel Weekly nearly 25 years ago as technology reporter and then sailed around the world for a couple of years as cruise correspondent, before becoming deputy editor. Now freelance, Lisa writes for various print and web publications, edits Corporate Traveller’s client magazine, Gateway, and works on the acclaimed Remembering Wildlife series of photography books, which raise awareness of nature’s most at-risk species and helps to fund their protection.
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