Britons cut back on foreign holidays for first time since pandemic [Yahoo! Finance Canada]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance Canada
Spending on travel fell by 3.3pc in March compared to a year earlier, according to data from Barclaycard. It was the first decline since travel was restricted during the pandemic. Transactions at travel agents, with airlines and on public transport, all dropped amid fears that the Middle East conflict will drive up the and prompt flight cancellations. European airports said last week that they could run out of fuel within weeks, raising fears of half-term flight cancellations. Michael O'Leary, the chief executive of Ryanair, has warned of “disruptions in Europe in May and June” if the conflict continues. Even if flights are not cancelled, experts have said foreign holidays may be more expensive this year after a . Easyjet urged passengers last month to book their holidays now or risk paying higher airfares this summer. Barclaycard said seven in 10 people were cutting back on travel because of concerns about higher prices. Almost six in 10 people are worried about travel dis
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News
- Airlines cut flights as Iran war sends jet fuel costs soaring [USA TODAY]USA TODAY
- EasyJet takes £25m hit on surging fuel costs amid Middle East war [Yahoo! Finance Canada]Yahoo! Finance Canada
- EasyJet says first-half loss to deepen on Mideast war [Yahoo! Finance]Yahoo! Finance
- EasyJet's stock drops as the Middle East conflict, fuel costs weigh on bookings outlook [CNBC]CNBC
- easyJet (ESYJY) was downgraded by Sanford C. Bernstein from "outperform" to "market perform".MarketBeat