COMPANIES EasyJet on Wednesday forecast a steep fall in profits for the current year to the end of September but signalled an end to months of feuding within the board over the pace of the UK-based low-cost airline’s growth.
Sir Stelios Haji-Ioannou – the founder of EasyJet, largest shareholder and a member of the board – has backed down in his fight over EasyJet’s capacity growth and has accepted the airline’s plan for a growth in capacity of 7.5 per cent a year over the medium term.
