easyJet updates on the impact of disruption in the third quarter

easyJet’s shares are tumbling this morning after the UK airline issued a negative outlook for the third quarter. In a stamen, the airline described the operating environment for all European airlines in May and June as “extremely challenging” with easyJet being forced to cancel 1,061 flights in the third quarter due to a significant events, including the impact of continued strike action by French Air Traffic Controllers, runway and congestion issues at Gatwick airport, severe weather and the knock-on cancellations across the easyJet network. The airline said that as a result of these events, in June there were over 700