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Easyjet Hit By Slump in Pound

6 Oct 2016 12:00 AM | Anonymous

The weak pound (which has been taking a pounding…) could cost easyjet nearly £90 million in this financial year. Jet fuel is priced in dollars so the slide of the pound is hurting costs and UK tourists are finding their money won’t go as far so are maybe considering holidaying at home. The current environment is tough for all airlines, but history shows that at times like this, the strongest airlines become stronger," said Carolyn McCall, Easyjet chief executive. To try and maintain passenger interest, heavy discounts are being applied. The threat of a hard Brexit is starting to show physical signs.

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