Budget airline easyJet Plc lost over a fifth of its market value on Monday as it joined rival Ryanair in giving a bleak outlook amid rising fuel costs and a ticket price war.
EasyJet shares were down 21.17 percent at 158-1/4 pence at 0736 GMT.
EasyJet's latest stock-market woes come just a month after its shares plunged when it warned that a price war with rivals such as Ryanair would keep fares under pressure.
Question - why don't easy hedge fuel, and why not charge a surcharge?
NB: Just three months ago, the share price was nearly 350p - thatīs a 55% fall. Is the stockmarket being too harsh?