EasyJet says first-half loss to deepen on Mideast war [Yahoo! Finance]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance
British no-frills airline EasyJet on Thursday said it expects to post a deeper first-half loss compared with one year earlier after the Middle East war sent jet fuel prices soaring. EasyJet said it expected a headline loss before tax of between £540 million and £560 million ($733 million and $760 million) for the six months to the end of March. The figure stood at £394 million for the equivalent period in 2025/26. "Fuel costs in March were impacted by the escalation of the conflict in the Middle East, leading to approximately £25 million of incremental costs," the airline said in a trading update, adding its performance had been impacted by other factors including competition for customers. EasyJet publishes full first-half earnings on May 21. "Our financial performance worsened year on year, impacted by the conflict in the Middle East and the competitive environment in some markets," group chief executive Kenton Jarvis said in Thursday's statement. The airline said the U
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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's stock drops as the Middle East conflict, fuel costs weigh on bookings outlook [CNBC]CNBC
- 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