Easyjet profits fall as sterling value dives

Easyjet's annual profits have dropped 17% after the budget airline was hit by the falling value of the pound.

Their profits have dipped from €557m to €460m.

However, it says it has benefitted from the chaos at Ryanair, which had to cancel flights after miscalculating pilot leave.

It has also been boosted by the collapse of Monarch and Air Berlin, and by Alitalia going into administration.


More in this Section

IFG targets strong growth and 'real value for shareholders in the medium term'

GDP booms ‘but household spending not so much’

Interest rate hike may be pushed back to 2020

Park Hotel in Kenmare generated record revenues in 2018 - John Brennan


Lifestyle

First he conquered Broadway, now The Boss takes on Netflix

There are a few things Daniel O'Donnell doesn't like and car's with CD player is one of them

Ask Audrey: The one thing that might impress a Cork woman is you not being septic even though you’re from Dublin

Learn a trick or two from Keith Barry on New Year's Eve

More From The Irish Examiner