EasyJet expects full-year profits to suffer a bigger-than-expected hit with the pound down sharply since the Britain voted to exit the European Union, the low-cost airline said Tuesday.

"The weakness of sterling is expected to impact EasyJet's year-on-year profit before tax for financial year 2017 by around £105 million ($131 million, 122 million euros)," the company said in a statement, up from an estimate of about £90 million in November.