Tuesday preview: Easyjet reports first quarter results

Easyjet is expected to report broadly flat first quarter revenue on Tuesday as the budget airline faced challenges including a weaker pound and terrorist attacks in Europe. UBS predicts first quarter revenue of £932m, broadly unchanged from the same period in the previous year at £930m, as 8% growth in traffic was offset by a decline in revenue per seat. Management has guided for revenue per share to fall by "mid to high single digits". At the company's 2016 full year results in September, Easyjet reported a drop in pre-tax profit to £495m from £686m the previous year. The group blamed a weaker post-Brexit pound, terrorist attacks in Europe, French air traffic control strikes and infrastructure problems at Gatwick for hurting profits.