Easyjet suffers profits slump !

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Easyjet announced it's financial results today and it ain't for a happy boardroom !

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The airline also said it was cutting 50 head office jobs in order remove duplicated positions following the acquisition of budget rival Go last year.

The carrier had warned last month that its half-year results would also be hit by the later timing of Easter - which pushes the busy period into the second half of its financial year - and weaker fares.

war in Iraq.

3 major items there which should expalin a lot - nothing too major to be fair!

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Crikey, this site is getting popular - I posed the same story but I think you got there first Ren, sorry.

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:eek: Ah well, chances of them going bust are not likely, perhaps they shouldn't have bought Go Fly.

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No, they're still quite solid financially. They're not going bust in a hurry.

I'm sure Ryanair will manage to make a witty poster about it though, probably featuring Lord Kitchener!

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ryaniar already claims to be 70% lower than EZY - but then again they dont always tell the truth in where they take you...