UK Firms Warn of Financial Headwinds from Middle East Conflict
EasyJet and Tesco have warned of financial challenges, including increased fuel costs, reduced bookings, and profit uncertainty, citing the ongoing Middle East conflict as a significant factor.
The Story
Analyzing sources…
Source Diversity
Source Diversity
Moderate (37/100)Sources
EasyJet warns of bigger than expected loss from jet fuel costs
Fuel prices have doubled in month since start of Iran war
Read full article →EasyJet warns profits will suffer as Iran war hits bookings and fuel prices
Budget airline says passengers are leaving it later to book flights owing to economic uncertainty Business live – latest updates 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 sec...
By Gwyn Topham Transport correspondent
Read full article →Tesco will do ‘whatever it can’ to keep down food prices amid Iran war
Tesco said that profits could dip over the current year as it flagged increased uncertainty linked to the conflict in the Middle East.
By Henry Saker-Clark
Read full article →
