		<div class="wpcnt">
			<div class="wpa">
				<span class="wpa-about">Advertisements</span>
				<div class="u top_amp">
							<amp-ad width="300" height="265"
		 type="pubmine"
		 data-siteid="111265417"
		 data-section="2">
		</amp-ad>
				</div>
			</div>
		</div><p>Budget airline easyJet looks set to deepen half-year losses next week, as it grapples with Brexit-hit pound, costs linked to launching a new European base and drops in bookings to some cities following terrorist attacks. Analysts expect losses at the low-cost carrier to expand to around £210 million (€248m), in contrast to a £24 million (€28m) loss over the period last year &#8211; with the lion&#8217;s share of the blow coming from sterling&#8217;s weakness.</p>
<p>The half-year results are also expected to include a £10 million (€11.7m) hit for an air operation certificate. The group is in the midst of setting up a new operating company in mainland Europe and applying for a new licence to secure flying rights for 30% of its routes after Brexit. While Tuesday&#8217;s results could reveal a tough period for the firm, the airline will look to bounce back over the summer by capitalising on the trading woes of rival carriers, such as Alitalia and Air Berlin.</p>
<p>However, Damian Brewer, analyst at RBC Capital Markets, said the widening losses for the first half of the year will make it harder for the firm to hit full-year targets. He said: &#8220;We see first half profit-before tax deteriorating to a £210 million loss, potentially. &#8220;However, the concern to us is that to make the company outlook implied £360-£370 million full year profit before tax, a significant profit recovery will be required in the second half.&#8221;</p>
<p>EasyJet said in January that the weak pound was expected to cost it around £105 million (€124m) over its 2016/17 financial year, up from the £90 million (€106m) estimated in November, with fuel expenses also falling by less than expected.</p>
<p>It added on top of the extra £35 million (€41m) fuel and pound bill in the first quarter, it also saw a financial impact in the &#8220;low millions&#8221; from the deadly truck attack in Berlin on December 19, as bookings to the city dropped in the immediate aftermath.</p>
<p>Travel companies have seen demand to key tourist locations and capital cities wane following a number of terror incidents across the globe, including an attack in London which killed five people and left dozens of others injured on March 22.</p>
			<div style="padding-bottom:15px;" class="wordads-tag" data-slot-type="belowpost">
				<div id="atatags-dynamic-belowpost-68ed368c634f5">
					<script type="text/javascript">
						window.getAdSnippetCallback = function () {
							if ( false === ( window.isWatlV1 ?? false ) ) {
								// Use Aditude scripts.
								window.tudeMappings = window.tudeMappings || [];
								window.tudeMappings.push( {
									divId: 'atatags-dynamic-belowpost-68ed368c634f5',
									format: 'belowpost',
								} );
							}
						}

						if ( document.readyState === 'loading' ) {
							document.addEventListener( 'DOMContentLoaded', window.getAdSnippetCallback );
						} else {
							window.getAdSnippetCallback();
						}
					</script>
				</div>
			</div>
Discover more from London Glossy Post
Subscribe to get the latest posts sent to your email.
