EasyJet Drops as Weak Pound, Fuel Costs to Weigh on Earnings
- U.K discount-flights specialist forecasts 35 million-pound hit
- McCall says negatives not priced in; Stelios queries expansion
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EasyJet Plc shares fell the most in close to seven months after the U.K. airline said higher fuel costs and the pound’s weakness following the June 23 Brexit vote will have a bigger impact than expected.
Shares of Europe’s second-biggest low-cost carrier declined as much as 10 percent and were priced 8.7 percent lower at 982 pence as of 1:17 p.m. in London, making the Luton, England based company the second-worst performer on the benchmark FTSE 100 Index.