EasyJet warns profits will suffer as Iran war hits bookings and fuel prices

The Guardian The Guardian —

Budget airline says passengers are leaving it later to book flights owing to economic uncertainty

The budget airline easyJet has warned the impact of the Iran war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone.

It said it expected to report an increased pre-tax loss of £540-£560m for the six months to March, up from £394m in the first half of 2024-25.

The carrier typically makes its money in the second half of the year which includes the peak summer period.

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EasyJet warns of fuel cost hit