EasyJet delayed by abnormal levels of currency disruption
EasyJet has been suffering plenty of disruption. Tuesday, EasyJet said it had incurred an “additional disruption cost” in the last quarter mainly due to higher numbers of EU compensation claims for delayed flights. In fact, last year, claims adviser AirHelp ranked EasyJet the second worst of 34 airlines for on-time arrivals, compensation hold-ups and service (behind Azores airline SATA). But that was nothing compared with the disruption cost from another product of disputed EU claims: Brexit. EasyJet said the continued weakness of the pound since the UK voted to leave the EU, plus rising fuel costs would have an adverse impact of GBP105m in the full year to Sept 30 — some GBP35m worse than previously expected. What really worried analysts, though, was the strange noise coming from EasyJet’s corporate treasury department. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-01-26/unaligned/easyjet-delayed-by-abnormal-levels-of-currency-disruption
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EasyJet delayed by abnormal levels of currency disruption
EasyJet has been suffering plenty of disruption. Tuesday, EasyJet said it had incurred an “additional disruption cost” in the last quarter mainly due to higher numbers of EU compensation claims for delayed flights. In fact, last year, claims adviser AirHelp ranked EasyJet the second worst of 34 airlines for on-time arrivals, compensation hold-ups and service (behind Azores airline SATA). But that was nothing compared with the disruption cost from another product of disputed EU claims: Brexit. EasyJet said the continued weakness of the pound since the UK voted to leave the EU, plus rising fuel costs would have an adverse impact of GBP105m in the full year to Sept 30 — some GBP35m worse than previously expected. What really worried analysts, though, was the strange noise coming from EasyJet’s corporate treasury department. <br/>
