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easyJet sees annual profits drop by more than 25%

easyJet has recorded a pre-tax profit nosedive of 27.9%. Credit: PA

Budget airline easyJet has posted a 27.9% tumble in pre-tax profits to £495 million for the year to September 30, from £686 million a year prior, after the plunging pound cost it £88 million.

It also lost around £150 million from "unprecedented" events. Airlines have been knocked by a combination of political turmoil, terror attacks, strikes, and intense competition in the sector.

The airline said it was planning a review over the next year to make "meaningful" savings and a "simpler, more efficient" company.

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