Saturday February 29, 2020

EasyJet slides as Brexit fog hits demand

EasyJet has warned that the crucial holiday months will be weaker than expected as low-cost airlines feel the brunt of the UK’s political crisis over Brexit and waning consumer demand

2nd April, 2019
Analysts cast doubt on EasyJet target. Pic: Getty

The UK’s faltering attempt to exit the European Union is hurting demand for air travel, just as the busy summer season gets under way.

“We had hoped for for a little more clarity and certainty around Brexit at this point,” chief executive Johan Lundgren told reporters. That uncertainty “has been accelerated in the last four to six weeks and that clearly has had an impact on customer demand”.

The...

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