Turbulent times could push easyJet off FTSE 100 - News Summed Up

Turbulent times could push easyJet off FTSE 100


Dame Carolyn McCall, chief executive of easyJet, said that the difficult environment was an opportunity to become stronger ReutersEasyJet warned that the weak pound would blow a £90 million hole in its finances this year, sending shares in the airline sliding by as much as 9 per cent. The fall in the value of shares in the Luton-based carrier has been so sharp since summer that easyJet is in danger of being evicted from the FTSE 100 in the next reshuffle in December. EasyJet has faced a toxic mix of terrorist attacks in France, air traffic control strikes and the post-Brexit weakening of the pound. It said that its profits for the past 12 months were likely to…


Source: The Times October 06, 2016 15:56 UTC



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