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Easyjet has warned profits will drop on the back of Britain’s decision to leave the EU.
The no-frills airline said it expected revenue to fall as a result of “additional economic and consumer uncertainty”.
Easyjet added: “It is expected that revenue per seat at constant currency in the second half will now be down by at least a mid-single digit percentage compared to the second half of 2015.
“In addition, recent movements in fuel prices and exchange rates are now expected to add around £25 million of additional cost in the year to that guided at the half year results. In response, Easyjet is continuing its efforts to drive ex fuel cost savings,” the airline added in a statement.
Easyjet also said the operating environment for all European airlines in May and June had been “extremely challenging”.
It has experienced 1,061 cancellations in the third quarter due to continued strike action by French air traffic controllers, runway and congestion issues at Gatwick and severe weather.
The airline said these issues, together with Egyptair tragedy, impacted profit before tax by around £28 million.
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