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Business

Security jitters drive EasyJet into the red

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Business

Security jitters drive EasyJet into the red

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COMING UP:Security jitters drive EasyJet into the red

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00:00:00
>> Security worries taking a bite out of EasyJet earnings. The budget airline posting a loss of 24 million pounds in the first half. Reuters UK correspondent Sarah Young says the Paris and Brussels attacks put travelers in a jittery mood.>> It really kind of dampens demand. And what the airline has to do is is reduce prices to kind of re-stimulate that demand.
00:00:22
So that's really, Wade, on it's bottom line.>> Not just Paris and Brussels to worry about, flights from the UK to the Egyptian resort of Sharm El Sheikh suspended after the terror attack there. And a strike by French air traffic controllers disrupting services during the period. But low oil prices helped ease the pain and the airline is still eyeing expansion.
00:00:44
>> Well, EasyJet is still saying that they're gonna expand this year. They're gonna grow capacities, so that's the number of seats essentially, by 6.5%. They were saying 7% earlier this year. But 6.5 % is still big growth and their also saying that although they made a loss in the first half the year for that full financial year, they're on track to meet analyst expectations.
00:01:09
>> The bullish outlook comes as demand for beach holiday looks strong. Now the fear is that something happens to give travellers a fresh dose of the jitters.