Easyjet Introduces Brexit Emergency Plan ¬ęDiePresse.com



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British low-cost airline Easyjet shows that despite the unregulated Brexit threat, it is not afraid of its operations in the European Union. Ticket sales continue to increase despite uncertainty surrounding the departure of Britain from the EU. The company is well prepared for Brexit, Easyjet said on Tuesday in Luton, near London.

However, airline management chief Johan Lundgren is now violently thinking of crackdowns on shareholders.

To continue to be considered an EU operator after Brexit, Easyjet may want to get rid of a number of shareholders from Britain or other countries outside the European Economic Area. For this purpose, companies can suspend their voting rights or force them to sell their shares in EU citizens, the company explained.

According to the company, the airline currently holds 49 percent of its shares in the European Economic Region – not including the UK. With the steps being considered, he could try to increase this part to more than 50 percent. This will enable it to meet the current requirements for flight operations within the EU. Easyjet has transferred 130 Airbus aircraft to subsidiaries in Austria. As of March 29, Brexit, crew licenses must be transferred.

In the first fiscal quarter to the end of December, Easyjet increased its revenue by almost 14 percent to 1.3 billion pounds sterling (1.5 billion euros). But sales per seat, down about four percent. For profit or loss, the company did not make a statement for the quarter.

For the current fiscal year to the end of September, Easyjet's guide anticipates adjusted pre-tax earnings in line with analyst expectations. Experts surveyed by Bloomberg averaged an adjusted pre-tax profit of £ 580 million, roughly the previous year's level. For businesses taken over from Berlin Air Berlin Tegel, however, Easyjet expects the year to return to red.

(APA / AFX)

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