EasyJet Sees Summer Recovery After Terrorist Attacks Prompt Loss
- Discount specialist says fares should revive in peak season
- U.K. carrier lifts dividend, backs consensus earnings outlook
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EasyJet Plc predicted that European demand for air travel will rebound from the spate of terror attacks that pushed it to a first-half loss, boosting dividends 25 percent and saying its cash position is strong.
Fares that are under pressure from overcapacity after the outrages in Brussels, Paris and Sinai should recover from July through September, the strongest quarter for European airlines, Luton, England-based EasyJet said Tuesday.