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EasyJet: Brexit unanswered questions hurt customers
Photography: Steven May / Alamy Stock Photo / Alamy Stock Photo
The cheap airline EasyJet warned that the Brexit crisis weighed on its business and caused potential customers to buy flights.
EasyJet told shareholders this morning that it was now more cautious about its outlook for the next six months, due to the "increasing weakness" in prices.
The many unanswered questions about Britain's departure from the European Union are seen as a key factor.
This is a timely warning, as MPs prepare to hold another round of indicative votes on the Brexit, while many rumors revolve around a possible election of Britain by the Great Britain. Britain.
Johan Lundgren, easyJet Director General, warned:
"For the second half of the year, the UK and Europe are experiencing difficulties, which we believe stem from macroeconomic uncertainty and many unanswered questions about Brexit, which contribute to customer demand.
EasyJet expects to have lost 275 million pounds in the last six months. It is therefore possible to dispel the confusion that reigns around Brexit to darken the crucial season of Easter and summer holidays.
More encouragingly, easyJet says it is "well prepared" at Brexit, regardless of the outcome.
Now that the European Parliament has pbaded its air connectivity legislation and the UK has confirmed that it will do the same, it means that whatever happens, we will continue to fly as usual. I am pleased that we have also made progress on our participation in European capital, which now exceeds 49%.
Introduction: global manufacturing at the center of concerns
Hello and welcome to our slippery coverage of financial markets, the global economy, the euro zone and businesses.
Good April! A new month means a new set of economic data showing the state of the global mill sector in March.
These Purchasing Managers Index (PMI) reports by IHS Markit are expected to show that the manufacturing sector in the euro area contracted in March, as the UK slowed down (but continued to grow).
David Madden of CMC Markets points out that Germany is struggling.
PMI reports from the Italian, French, German and UK manufacturing sectors will be the focus of attention this morning, and traders will pay particular attention to the German report, with the flash reading rate being 44.7, the lowest since July 2012.
Bad readings could fuel concerns about the European economy; on the other hand, traders hope to see signs of green shoots.
In one night, the PMI of Chinese factories exceeded expectations, with manufacturing managers showing more optimism about growth and production.
Shane Oliver
(@ShaneOliverAMP)#China Caixin manufacturing PMI after official PMI up: +0.9 points to 50.8. Perhaps a little distortion of a Lunar New Year holiday in theirs but also compatible with stimulant begins to have an impact. pic.twitter.com/oLMCAU1eRQ
European stock markets should open higher.
IGSquawk
(@IGSquawk)European calls for opening:#FTSE 7310 + 0.42%#DAX 11629 + 0.89%#CAC 5395 + 0.83%#MIB 21532 + 1.15%#IBEX 9322 + 0.89%
L & # 39; s calendar
- 9am: BST: euro area manufacturing PMI report for March
- 9.30am: BST: UK manufacturing PMI report for March
- TSB 10h: Eurozone inflation for March
- 15h, Paris time: report of the PMI of the American manufacturers for March
Update
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