British low-cost carrier easyJet warned on Monday that demand for tickets and pr...
- British low-cost carrier easyJet warned on Monday that demand for tickets and prices were coming under pressure because of Brexit jitters and a weaker economic outlook, sending shares in European airlines lower.
Shares in the company sank 8 percent in response and those in Ryanair, British Airways-owner IAG, Air France KLM and Deutsche Lufthansa were among the worst performers on the pan-European STOXX 600 index as investors worried about the peak summer season. Easyjet had previously been among the more bullish voices in the sector on the fallout of Britain’s progress on leaving the EU, playing down the risks when it raised dividend payouts last November.
Britain and the EU have said that flights will continue, even in the event that there is a no-deal Brexit and Easyjet said it was sure that it would be flying as usual.
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