EasyJet up against it in 2017

BTN News
Thursday, 15 September 2016

UK carrier easyJet is facing share price downgrades with Barclays analysts saying uncertainty around UK trading and the European geopolitical climate indicate 2017 earnings will slip backwards as easyJet maintains its eight-to-nine per cent growth rate. Cash generation for the next few years will likely be poor, it said.


Ever since the Sharm-el-Sheikh Metrojet bombing, easyJet has faced a series of demand downturns (Paris, Brussels, Egypt, Nice, Turkey and Brexit).


"The company is on track to record the worst year for yields in its history, and the situation has been compounded by operational challenges this summer including Gatwick congestion, extreme weather and French air traffic control strikes. All told, we believe external events have cost easyJet at least GBP150 million in 2016," analysts said.

EasyJet up against it in 2017

BTN News
Thursday, 15 September 2016

UK carrier easyJet is facing share price downgrades with Barclays analysts saying uncertainty around UK trading and the European geopolitical climate indicate 2017 earnings will slip backwards as easyJet maintains its eight-to-nine per cent growth rate. Cash generation for the next few years will likely be poor, it said.


Ever since the Sharm-el-Sheikh Metrojet bombing, easyJet has faced a series of demand downturns (Paris, Brussels, Egypt, Nice, Turkey and Brexit).


"The company is on track to record the worst year for yields in its history, and the situation has been compounded by operational challenges this summer including Gatwick congestion, extreme weather and French air traffic control strikes. All told, we believe external events have cost easyJet at least GBP150 million in 2016," analysts said.