FTSE 350: Tough conditions for airlines

FTSE 350: Tough conditions for airlines

Weather, strikes and terrorism have blighted the airline sector, with low-cost carrier easyJet (EZJ) hit particularly hard. Its shares dropped 42 per cent in 2016. But the group has pledged to double-down on its dominant UK position as rivals Ryanair (RYA) and eastern-Europe focused Wizz Air (WIZZ) curb their enthusiasm for Blighty and expand their presence elsewhere. For investors worried about the impact of Brexit on easyJet, chief executive Carolyn McCall said a secondary operating licence in a European country would soon be sought to hedge the company against any fallout from the imminent negotiations.

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