EasyJet posts 552 million pound loss on war pressure
The budget carrier reported a first-half loss of 552 million pounds as the Iran war drove up fuel costs. Bookings for the summer season remain below previous levels.
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EASYJET PLC reported a first-half loss of £552M ($741.39M) in line with its April forecast range. The United Kingdom budget carrier warned that geopolitical tension and rising fuel costs will continue to squeeze margins through the remainder of the fiscal year. Peak summer bookings are slowing as consumers delay travel decisions.
