Easyjet braces for Brexit

Easyjet braces for Brexit

Uncertainty around Brexit stands to depress the demand for air travel, the British carrier Easyjet noted on Monday. Results for the first semester still seem to match expectations, but the company is careful in its financial forecast for the second half of the year.

EasyJet is “well prepared” for the United Kingdom’s withdrawal from the European Union, but the air transport market is shrinking on both sides of the English Channel, the carrier’s Director General, Johan Lundgren, said, since, in addition to Brexit, economic uncertainty is negatively affecting the sector.

At this moment, Easyjet’s budget is undergoing heavy pressure: ticket prices have been dropping because of an oversupply in Europe while costs are on the rise, especially those of fuel and staff.

The Brussels Times

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