EasyJet says that Brexit uncertainty hurts the business
The rebate company said that while preparations for the UK-EU divorce were on the way, economic uncertainty and confusion over Brexit increased the demand for flights in the extremely competitive market. It announced that the weakness would continue in the second half of the fiscal year until September 30.
"We see softness in both the UK and Europe, which we believe comes from macroeconomic uncertainty and many unanswered questions about Brexit that are coupled with weaker customer demand," says CEO Johan Lundgren in a statement.
Shares in the company fell above 8 % in London
The airline has established a subsidiary in the EU to prevent the business from being broken by Brexit, saying Monday it will "fly as usual" even in the event of a disorderly exit. [19659002] Airlines across Europe have been pressured by weaker prices, lack of pilots, rising fuel costs and continued uncertainty over Britain's departure from the EU.
