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Easyjet pays Brexit: profits go down

The low-cost company launches a profit warning after the depreciation of the pound caused by Brexit. The title falls on the London market and touches new lows

Easyjet pays Brexit: profits go down

EasyJet pays the price of Brexit, the devalued pound and fears of attacks. The low-cost company launched a profit warning in London declaring that it expects to end the year with profits down for the first time since 2009, affected by the drop in demand due to the risk of terrorist attacks and the drop in the pound triggered by Brexit.

The company said its pre-tax profit for the year ending 30 September would be £490-495 million, about 28% down on 2015, below the £516 million expected at the time. analysts. "We have been disproportionately affected by the extraordinary events of this year," EasyJet CEO Carolyn McCall said in a statement, adding that for the new fiscal year the likely impact of the depreciation of the pound could be around 90 million. On the stock market, the stock fell to 913,5 pence, the lowest level since January 2013.

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