EasyJet says uncertainty over Brexit is driving ticket prices lower
The discount carrier said that while its preparations for the UK-EU divorce were on track, economic uncertainty and confusion over Brexit were reducing demand for flights in the ultra-competitive market. It warned that the weakness would continue in the second half of its financial year to September 30.
EasyJet confirmed that it would post a loss of roughly £275 million for the six months ending March 31. Final results for the period will be released on May 17. Read MoreThe airline has established a subsidiary in the European Union to prevent its operations from being disrupted by Brexit. It said Monday that it will be"flying as usual" even in the event of a disorderly exit.
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