easyJet A320neo First Delivery

Expected loss for easyJet

easyJet will release a trading update on Friday ahead of its first-half financial results in May.

Britain’s largest airline operator suffered a £15 million hit in the first quarter from disruption caused by rogue drone flights in and around Gatwick airport, which affected 82,000 customers and resulted in more than 400 cancelled flights.

Half-year figures are expected to detail a loss of about £280 million, according to analysts, blaming weak ticket sales owing to Brexit and the rise in fuel prices for the slump.

The U.K.’s faltering attempt to exit the European Union is hurting demand for air travel, just as the busy summer season gets under way.

EasyJet Plc dropped the most in more than two years after warning the crucial holiday months will be weaker than expected as low-cost airlines feel the brunt of the U.K.’s political crisis over Brexit and waning consumer demand.

“We had hoped for a little more clarity and certainty around Brexit at this point,” Chief Executive Officer Johan Lundgren said on a call. That uncertainty “has been accelerated in the last four to six weeks and that clearly has had an impact on customer demand.”