easyJet to axe domestic flights after Budget tax hike
Portfolio Pulse from
easyJet PLC plans to reduce domestic flights due to a rise in air passenger duty from the recent Budget. Routes from London to Scotland and Northern Ireland will be most impacted.
November 28, 2024 | 2:00 pm
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easyJet PLC is reducing domestic flights due to increased air passenger duty, affecting routes from London to Scotland and Northern Ireland.
The increase in air passenger duty is a regulatory change that directly impacts easyJet's cost structure, leading to a reduction in domestic flights. This could negatively affect easyJet's revenue from these routes, thus potentially impacting its stock price negatively in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90