EasyJet CEO Says External Events are Impacting Business
EasyJet Plc posted a first-half loss as a spate of terrorist attacks undermined demand for flights and contributed to a Europe-wide capacity glut that’s weighing on fares and wiping out gains from cheap fuel. EasyJet swung to a pretax loss of 24 million pounds ($35 million) from a profit of 7 million pounds a year earlier, it said in a statement Tuesday. Luton, England-based EasyJet halted flights to Sinai after the bombing of a Russian tourist jet in October, while November’s Paris shootings and the March 22 attacks on Brussels have further weighed on sales. Chief Executive Officer Carolyn McCall joined Bloomberg's Caroline Hyde in Berlin and "On the Move" host Guy Johnson in London for more.
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