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British airline easyJet warns on third-quarter profit

Mon, 27th Jun 2016 06:21

LONDON, June 27 (Reuters) - British airline easyJet warned on third-quarter profit on Monday, blaming the impact ofcontinued strike action by French air traffic controllers,runway and congestion issues at Gatwick airport and severeweather.

The firm said these incidents, together with the recentEgyptair tragedy, had resulted in some drop off in consumerdemand leading to lower yield and had impacted third-quarterprofit before tax by about 28 million pounds ($37.5 million).

easyJet also cautioned that following the outcome ofThursday's European Union referendum, it anticipated thatadditional economic and consumer uncertainty was likely thissummer.

It forecast that revenue per seat at constant currency inthe second half would now be down by at least a mid-single digitpercentage compared to the second half of 2015.

easyJet added that recent movements in fuel prices andexchange rates were now expected to add around 25 million poundsof additional cost in the year.

($1 = 0.7470 pounds) (Reporting by James Davey, Editing by Paul Sandle)

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