Easyjet profits fall as it bids to become the world’s first “zero carbon” airline

EasyJet reported a fall in profits today, after a “difficult” year, but is hoping to become the first “zero carbon” airline by offsetting its carbon emissions at a cost of £25m a year.

Easyjet Airbus A20-200 © PASCAL PAVANI/AFP via Getty Images

Easyjet profits fell 26% in the year to 30 September
(Image credit: Easyjet Airbus A20-200 © PASCAL PAVANI/AFP via Getty Images)

EasyJet reported a fall in profits today, after a "difficult 2year driven by higher fuel costs, Brexit uncertainty and weakness in consumer confidence. Profit was still towards the top end of expectations, however.

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Ben Judge

Ben studied modern languages at London University's Queen Mary College. After dabbling unhappily in local government finance for a while, he went to work for The Scotsman newspaper in Edinburgh. The launch of the paper's website, scotsman.com, in the early years of the dotcom craze, saw Ben move online to manage the Business and Motors channels before becoming deputy editor with responsibility for all aspects of online production for The Scotsman, Scotland on Sunday and the Edinburgh Evening News websites, along with the papers' Edinburgh Festivals website.

Ben joined MoneyWeek as website editor in 2008, just as the Great Financial Crisis was brewing. He has written extensively for the website and magazine, with a particular emphasis on alternative finance and fintech, including blockchain and bitcoin. 

As an early adopter of bitcoin, Ben bought when the price was under $200, but went on to spend it all on foolish fripperies.