SUBSCRIBERS
EasyJet flies into loss, on Brussels attacks, forex hit
Published Wed, May 11, 2016 · 09:50 PM
London
BRITISH no-frills airline EasyJet said on Tuesday that it sank into losses in the first half of its fiscal year following the Brussels attacks, and after taking a vast foreign exchange charge.
Net losses stood at £20 million (S$40 million) in the six months to the end of March, compared with a slender profit after tax of £5.0 million during the equivalent part of 2014/15.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
EV automakers get reprieve in US tax credit rules
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Luminar to cut nearly 20% jobs as part of restructuring
Chinese share of French EV market slumps after incentives curbed
Ferrari unveils US$423,000 sports car with 1960s bloodline
Airbus called for compensation to take on money-losing Spirit operations: sources