EASY­JET WARNS IN­VESTORS OF LOWER EARN­INGS IN UK

USA TODAY US Edition - - MONEY -

Dis­count air­line easy­Jet warned Mon­day that the U.K.’s pending with­drawal from the Euro­pean Union is caus­ing travelers to hold back on book­ing tick­ets amid doubts over what Bri­tain’s fu­ture re­la­tions with the bloc will be. Easy­Jet said that as a re­sult, its earn­ings would be weaker in the se­cond half of the year. Its first-half loss of 275 mil­lion pounds ($360 mil­lion) was within ex­pec­ta­tions, but the out­look for the six months through Septem­ber is “more cau­tious.” Shares in the com­pany fell al­most 10% in Lon­don on the news.

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