EasyJet warns Iran war to widen losses and hit bookings
The airline expects a first-half loss of up to 560 million pounds as the conflict drives up fuel costs. Summer bookings are currently lagging behind last year.
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The United Kingdom-based carrier EASYJET PLC has issued a warning regarding a widening first-half loss, citing geopolitical instability in Iran as a primary factor slowing summer bookings. The airline noted that the ongoing conflict has created significant visibility challenges for the upcoming travel season, causing its shares to drop by as much as 9% during Thursday trading.
