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EasyJet (LON:EZJ) recently revealed a whopping 70% drop in profits, spurred mainly by increasing fuel costs and later bookings because of the conflict between Iran and the U.S. The company reported a pre-tax profit of £85 million between April and June compared to £286 …
This article first appeared on GuruFocus. EasyJet Plc (EJTTF), a low-cost airline, reported quarterly earnings slightly above analyst expectations as customers began showing greater confidence in booking flights further ahead. Profit before tax reached 85 million ($114 million) in the quarter ended in June, …
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