What's happened to EZY shares on the back of this, anyone know?
No impact as it was expected and well telegraphed.
Easyjet has shown distorted growth over the last 12 months as its acquisition of GB was completed 31st Jan 2008 and thereafter its numbers showed the combined effect without a like for like comparison of what GB was doing before hand. Therefore its growth over the last 12 months was distorted and once it was a real like for like comparison then the numbers were bound to be poor.