EasyJet Profits Plunge Despite Record Passenger Numbers

EasyJet saw its profits fall 17% last year, with more than £100m lost due to the slump in the pound after the Brexit vote.

The airline reported a record year for passenger numbers, flying 80.2 million people, almost 10% more than in 2015-16, on ever fuller planes.

But while revenues exceeded £5bn in 2016-17, fares dipped to fill seats in what the chief executive, Carolyn McCall, said was “a difficult year for the aviation industry”.

Read more: https://www.theguardian.com/business/2017/nov/21/easyjet-profits-passenger-numbers-weak-pound

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