EasyJet shares fell 7.4% amid weak forecast

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The British airline easyJet expects that in the first half of the financial year, which ended in March, it will record a loss of £275 million, but its revenue can grow by 7.3% to about 2,340 million pounds. At the same time, according to its estimates, the revenue per the passenger seat at a constant exchange rate will show a decrease of 7.4%. The company expects weak financial indicators both in the UK and in Europe against the background of continuing uncertainty regarding the country's exit from the EU and the deterioration in the prospects for the British economy. The company also reported that its costs could increase by 18.8% due to increased fuel costs and investments in capacity expansion. Against this background, easyJet shares fell by 7.4% on Monday.

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