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The British airline easyJet expects that in the first half of the financial year, which ended in March, it will record a loss of £275 million, but its revenue can grow by 7.3% to about 2,340 million pounds. At the same time, according to its estimates, the revenue per the passenger seat at a constant exchange rate will show a decrease of 7.4%. The company expects weak financial indicators both in the UK and in Europe against the background of continuing uncertainty regarding the country's exit from the EU and the deterioration in the prospects for the British economy. The company also reported that its costs could increase by 18.8% due to increased fuel costs and investments in capacity expansion. Against this background, easyJet shares fell by 7.4% on Monday.
Oil traded higher on Friday, further reclaiming lost ground from three-week lows in the previous session as the COVID-19 situation continued to dent the global economy as well as oil consumption. Brent crude gained 0.3%, trading at $43.08 ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Oil prices gained for the third day on Tuesday, supported by a bounce in demand from efforts to lift the U.S. economy as it struggles to recover from the coronavirus pandemic. Prices were also buoyed by a weakening dollar, making it ...
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