easyJet posts strong results but fresh pressure from Sir Stelios weighs on shares

Almost all LCCs across Europe and North America ended the day down sharply, pacing the major markets in the US and Europe. US shares posted their biggest one-day drop in a month and European shares posted their biggest one-day drop in five, as concerns that China will move to curb growth and Ireland's sovereign debt issues came back into focus. easyJet (-4.8%) was the day's biggest loser on the release of financials.