European markets opened lower Wednesday as investors continued to assess the potential impact of President-elect Donald Trump's plans to hike tariffs.
Budget airline easyJet posted a smaller-than-expected annual operating profit, citing an impact from the conflict in the Middle East. The airline reported an operating profit of £597 million for the 12 months to Sept. 30, up 25% year-over-year. Still, the figure was less than the £625.6 million expected by analysts, according to an LSEG-compiled poll cited by Reuters.
For the current fiscal year ending September 2025, the airline expects a capacity of around 103 million seats, an increase of 3% from the previous year. 'The airline will continue to grow, particularly on popular longer leisure routes like North Africa and the Canaries and we plan to take 25% more customers away on package holidays,' CEO designate Kenton Jarvis, who is replacing Johan Lundgren next year, said in a statement.
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