France Airport Guide

 

Saturday, 11 October 2008

Easyjet boss warns of a "Tough Year"

EASYJET'S chief executive yesterday echoed the grim warning by his Ryanair counterpart that many airlines were not going to survive the economic downturn.

Andy Harrison said he expected the aviation sector to face a "very tough" consumer environment next year.

Easyjet is the second biggest carrier at Liverpool John Lennon Airport (JLA), flying to around 20 destinations.

The airline is being hit by high oil prices, and the company recently warned that annual profits could be as much as 42% lower than last year as it faced up to an increase of pounds 185m in its annual fuel bill.

It hopes to offset more than 50% of the price hikes through revenues growth and cost savings, and has vowed to be "relentless" in addressing costs and efficiency.


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