easyJet Shares Drop Nearly 8% on Profit Warning Despite Strong Summer Demand

easyJet Shares Drop Nearly 8% on Profit Warning Despite Strong Summer Demand

easyJet shares have come under pressure this week after the airline flagged a hit to earnings from rising fuel costs and the fallout of a recent air traffic control strike in France. The stock has dropped below the 460p level on the chart, extending its slide from the summer peak near 580p as investors weigh the balance between strong demand and mounting operational costs. The airline said the July strike by French air traffic controllers led to…