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News of travel and tourism shares was yesterday dominated by easyjet, which lost some 25 per cent of its value after issuing a profits warning.
Shares in the no-frills carrier dropped 73p to close at 219p after admitting it had been hurt by “unprofitable and unrealistic” pricing by its competitors. The fall represented some £250 million in terms of the carrier’s overall value.
Easyjet stated that it was “cautious” regarding its full-year results, announcing it had lost £18.5 million in the six months to April.
Elsewhere, Ryanair fell back 11.375p to 302.75p abd British Airways lost 3.75p to end the day at 280p.
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Strike action at Gatwick 22/09/2004
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Ryanair has extended its "biggest ever free seat sale" (just pay taxes and charges) until mi
Qantas is celebrating the introduction of their new