Pursuits
EasyJet Outlook Clouded as Terror, Brexit Depress Fares
- Brexit vote, attempted Turkish coup reduce demand, CEO says
- Weather, runway closures also hurt traffic, airline says
Airlines Feel the Turbulence of Terror Uncertainty
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EasyJet Plc warned that depressed ticket prices are continuing through the key summer vacation season as the British budget airline faces the fallout from terrorist attacks, an attempted coup in Turkey and the U.K.’s decision to exit the European Union.
Rather than a hoped-for revival, revenue per seat is down about 7.5 percent so far in the three months through September, with about 35 percent of bookings still to come, the Luton, England-based company said Thursday in a statement. That follows an 8.3 percent slide in yields, a measure of fares, in the fiscal third quarter. EasyJet shares fell as much as 7.6 percent.