EasyJet's stock drops as the Middle East conflict, fuel costs weigh on bookings outlook [CNBC]
EASYJET PLC S/ADR (ESYJY)
NASDAQ:AMEX Investor Relations:
corporate.easyjet.com/investors.aspx
Company Research
Source: CNBC
EasyJet 's stock fell on Thursday after it warned that the Iran war and higher fuel prices are weighing on customer bookings. EasyJet said it took on roughly £25 million ($34 million) in additional fuel costs due to the U.S-Iran war and expects airline costs to remain tied to volatile fuel prices over the coming months. Shares dropped as much as 8.7%, before paring losses to last trade down 3.2%. The carrier said it expects to report a headline loss before tax between £540 million and £560 million ($732.4 million and $759.6 million) in the first half of 2026. The company is due to report its full first-half results on May 21. This is a breaking news story. Please refresh for updates.
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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
- Britons cut back on foreign holidays for first time since pandemic [Yahoo! Finance Canada]Yahoo! Finance Canada
- easyJet (ESYJY) was downgraded by Sanford C. Bernstein from "outperform" to "market perform".MarketBeat