easyJet: Disruption across Europe continues to be an industry wide issue

    easyJet stated (28-Sep-2018) disruption across Europe continues to be an industry wide issue and is having an impact on revenue, cost and operational performance, with the main causes being European industrial action and air traffic restrictions. easyJet experienced an increase in cancellations compared to the third quarter of which the significant majority were due to third party industrial action, air traffic control restrictions or severe weather across Europe. The carrier expects to deliver a full year 2018 profitbefore tax, despite the impact of disruption. The carrier noted improvement in performance in Tegel, reducing the expected headline loss. easyJet is also continuing to derive benefits from its cost programme. [more – original PR]