EasyJet profits plunge 70% as fuel costs soar amid Iran war

Budget airline, which has two US investment firms vying to buy it, also affected by passengers booking later The low-cost airline easyJet has revealed a 70% slide in profits because of soaring fuel costs and later bookings as a result of the conflict in Iran, only weeks after it…

Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as…