RE: Peter Lynch quotes26 Jul 2022 17:41
Amidst a war of words between airlines and airports as to who is to blame, easyJet’s woes show little sign of ending.
With arch rival Ryanair yesterday moving back into the black with a quarterly profit of £145 million, easyJet today reported a £114 million loss for the last three months.
CEO Johan Lundgren said: “The unprecedented ramp up across the aviation industry, coupled with a tight labour market, has resulted in widespread operational challenges culminating in higher levels of cancellations than normal.”