Terror attacks expected to hit easyJet results tomorrow

EasyJet: terror attacks 'likely to have a knock-on impact' on consumer confidence
EasyJet: terror attacks 'likely to have a knock-on impact' on consumer confidence

EasyJet is expected to report its results were hit by the terror attacks in Brussels and Paris when it reports tomorrow, while TalkTalk is hoping to move on from its cyber hack with a sales rise on Thursday.

The Numis travel and leisure analyst, Wyn Ellis, has predicted the two sets of bombings and increased violence in Egypt will have cost easyJet £45m in the six months to the end of March. Ellis expects revenue per seat to decline by 3.7%.

He said: "Although Brussels accounts for only about 1% of easyJet's capacity, we believe that the bombings are likely to have a knock-on impact on short-haul city-to-city travel and on customer confidence."

Meanwhile, The Daily Telegraph reported on Saturday that TalkTalk is expected to expected to report its sales increased 3% to £1.89bn in the year to March 31 2016, following the telecom company making big changes to its security systems and undertaking cost-cutting.

Despite the sales rise, TalkTalk’s profits for the 12 months to the end of March 2016 are expected to fall to £8m, and analysts believe the cyber attack – during which 157,000 customers’ details were compromised – could continue to dampen profits until 2019.

TalkTalk, which is in the FTSE 250, reports its full-year preliminary results on Thursday.


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