Passenger slowdown at easyJet
11 April 2012
Budget airline easyJet has had one of its worst months ever - right in the middle of a storm blown up by its founder Stelios Haji-Ioannou over cutbacks at the carrier.
EasyJet announced today that it flew 2.9 million passengers in November - a year-on-year increase of just 3.4%.
That compares to annualised growth over the last year of nearly 17% for an airline used to announcing double-digit expansion.
Stelios last month attacked the easyJet board for its plans to continue to expand.
He said such plans could be fatal in a recession.