easyJet FTSE 100 place doubts as fall in share price continues

EASYJET is “in the firing line” for demotion from the FTSE 100 as investors fear the budget airline carrier could be squeezed by Budget tax hikes and weak consumer confidence.

- MAISIE GRICE

Budget airline easyJet has had three years of earnings growth and expects to increase its customer base by 15% in the next financial year, but its share price continues to fall

(Gareth Fuller)

The budget airline carrier's share price fell 1.61% in early trading yesterday to 472.6 pence, tumbling 14.6% this year to date.

Richard Hunter, head of markets at Interactive Investor, added that this sharp share price fall could place the Budget airline “in the firing for demotion from the FTSE 100"