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EasyJet warns Iran war to hit summer bookings, deepen first-half loss

The airline said the conflict has lifted fuel costs by £25 million and cut summer bookings by 2%, adding pressure to profits.

  • On Thursday, April 16, 2026, EasyJet warned of a headline pre-tax loss between £540 million and £560 million for the six months ending in March, citing impacts from the Middle East conflict.
  • The US-Israeli war with Iran sent jet fuel prices soaring as much as $200 a barrel, contributing an additional £25 million in fuel costs for the airline last month.
  • Shares fell 9% before settling 3% lower after the carrier recorded a £30 million net increase in legal provisions "across a number of historic cases" alongside the projected earnings decline.
  • EasyJet Chief Executive Kenton Jarvis stated the airline is "well placed to navigate current geopolitical challenges" while maintaining £4.7 billion in liquidity to support operations.
  • Summer bookings are down two percentage points compared to last year, with customers reducing interest in trips to Turkey, Egypt, and Cyprus amid lower forward visibility.
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74 Articles

lancashiretelegraph.co.uklancashiretelegraph.co.uk
+2 Reposted by 2 other sources
Center

EasyJet takes £25m hit on surging fuel costs amid Middle East war

The Luton-based airline said it expects to report a half-year headline loss before tax of between £540 million and £560 million.

·Blackburn, United Kingdom
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The Herald ScotlandThe Herald Scotland
+9 Reposted by 9 other sources
Lean Left

EasyJet boss gives update on flights amid 'near-term uncertainty around fuel costs'

Kenton Jarvis, the chief executive of easyJet, has shared an update on flights amid the rising cost of jet fuel caused by the Middle East conflict

·Scotland, United Kingdom
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npr broke the news in Washington, United States on Thursday, April 16, 2026.
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