EasyJet's profit for the fiscal year ended Sept. 30 dropped 45% to £83.2 million ($123.4 million) from £152.3 million the year before amid an escalating dispute between founder Stelios Haji-Ioannou and the LCC's board. Haji-Ioannou refused to approve the airline's annual accounts. In a statement to the London Stock Exchange, he said he was concerned about a number of valuation issues surrounding easyJet's acquisition of GB Airways (ATWOnline, May 8), including the value of aircraft ...

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