"EasyJet has warned that rising fuel costs linked to the conflict in the Middle East have added around £25 million to its expenses in a single month, underscoring how quickly geopolitical shocks are affecting airline finances."
"The airline also reported a slight weakening in demand, with bookings down by two percentage points for both the June and September quarters compared with the same period last year."
"Kenton Jarvis, easyJet chief executive, said: 'Our H1 financial performance worsened year on year, impacted by the conflict in the Middle East and the competitive environment in some markets.'"
EasyJet has reported a £25 million increase in expenses due to rising fuel costs linked to the Middle East conflict. The airline anticipates a pre-tax loss of £540 million to £560 million for the six months ending in March, driven by higher jet fuel prices. Demand has weakened slightly, with bookings down by two percentage points compared to last year. The situation reflects broader consumer caution amid geopolitical uncertainty, affecting both fuel costs and customer demand.
Read at London Business News | Londonlovesbusiness.com
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