Business · 23 July 2026
Easyjet profits fall by 70% as the Iran war pushes up fuel costs
The carrier earned £85m between April and June, falling sharply from £286m a year earlier. Executives blame the Middle East conflict for raising fuel prices and causing anxious passengers to delay buying their tickets. Shares also dropped on Wednesday over reports that European regulators might block a £5.7bn buyout by the American investment group Apollo.
Reported by City AM · How we write briefs