Daily Express

EasyJet hit by ‘turbulence’


EASYJET shares nosedived 312p to 1001p yesterday as it warned profits would take a hit due to the impact of strike action by French air traffic controller­s, congestion issues at Gatwick and severe weather.

Over £1.1billion was wiped from the budget airline’s market value as it admitted May and June had been “extremely challengin­g”. It has cancelled over 700 flights this month mainly due to strikes and poor weather, up from 487 last year. About £28million will be wiped from its third-quarter profit.

After the Brexit result, it said “additional economic and consumer uncertaint­y is likely”.

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