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Opening Quote: EasyJet bucks the budget airline trend

Summary:
EasyJet bucks the budget airline trend. FT Opening Quote is your early Square Mile briefing. You can sign up for the full newsletter here. EasyJet is bucking a grim environment for budget airlines, stating on Friday that its profits are likely to be at the upper end of the range it had previously signalled.Despite a £100m currency hit in the wake of the Brexit referendum, profits for the year ending in September are expected to be between £405m and £410m, it said, after posting record passenger numbers over the summer.That is still a fall from the £495m recorded in 2016, and down from £686m in 2015, but it forms a bright contrast to the collapse of Monarch Airlines and a fiasco over flight cancellations by Ryanair.Over the three months to the end of September, easyJet flew 24.1m

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EasyJet bucks the budget airline trend. FT Opening Quote is your early Square Mile...

Siona Jenkins
Former Cairene; FT Middle east news editor. Views my own.

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