EasyJet Profit Plunges 70% Due to Higher Fuel Costs
EasyJet's profits have plunged by 70%, largely attributed to soaring fuel costs and lower demand. The airline reported a £105 million hit from increased fuel expenses, partly due to the Iran war.
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EasyJet Profit Falls 70% Amid Higher Fuel Costs, Lower Demand - Bloomberg.com
EasyJet Profit Falls 70% Amid Higher Fuel Costs, Lower Demand Bloomberg.com
Read full article →EasyJet profits plunge 70% as fuel costs soar amid Iran war
Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later The low-cost airline easyJet has revealed a 70% slide in profits because of soaring fuel costs and later bookings as a result of the conflict in Iran, only weeks after it agreed to a £5.7bn takeover. The carrier reported a pre-tax profit of £85m between April and June compared with £286m during the same period a year earlier, as its fuel costs increased by £105m after the outbreak of h...
By Joanna Partridge
Read full article →EasyJet profits nosedive 70% after £105m Iran war fuel cost hit
The carrier reported pre-tax profits tumbling to £85 million in the three months to June 30 from £286 million a year earlier.
By Holly Williams
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