EasyJet cuts losses, shares drop on expectations of second-quarter weakness
EasyJet's shares dropped to their lowest level since October on Wednesday as the company flagged weaker revenue expectations for the second quarter, but the airline cut losses in the first quarter and kept its profit guidance for the year.
Early winter losses have fallen at easyJet as passenger numbers continue to soar and demand for 2025 remains strong.
The airline reported a narrowed pretax earnings loss after passengers and revenue rose in the first quarter of fiscal 2025.
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