EasyJet slips off pace set by Ryanair on terror, Brexit squeeze

EasyJet’s passenger count increased at less than half the pace of its low-cost rivals last year as the carrier struggled with its exposure to the British and French travel markets. Customer numbers increased 6.6% to 74.4m in 2016, EasyJet said Friday. That compares with a 15% gain at Ryanair and advances of 19% and 14% at Wizz Air and Norwegian Air Shuttle respectively. EasyJet is more exposed than its no-frills rivals both to the UK, where a weakening of the pound tied to the June 23 Brexit vote has reduced the spending power of holidaying Britons, and France, which has seen demand for flights hurt by a spate of terrorist attacks spanning Paris to the Mediterranean. EasyJet now lags almost 43m passengers behind Ryanair. <br/>
Bloomberg
http://gulfnews.com/business/aviation/easyjet-slips-off-pace-set-by-ryanair-on-terror-brexit-squeeze-1.1957533
1/6/17