EasyJet expects bigger earnings hit from weak pound
EasyJet
London - Arab Today
EasyJet expects full-year profits to suffer a bigger-than-expected hit with the pound down sharply since the Britain voted to exit the European Union, the low-cost airline said Tuesday.
"The weakness of sterling is expected to impact EasyJet's year-on-year profit before tax for financial year 2017 by around £105 million ($131 million, 122 million euros)," the company said in a statement, up from an estimate of about £90 million in November.
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