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EasyJet Shares Slump on Warning of Loss Driven by Iran War

Kate Duffy
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UK budget airline shares plunged 8.7% in London on Thursday, marking the steepest intraday drop since June 2022 after warning of significant first-half losses. The carrier projected a pre-tax loss of £540–£560 million ($733 million) for the first six months, citing operational disruptions linked to the escalating Iran conflict. The Middle East war directly added £25 million in fuel costs in March alone, exacerbating financial strain amid broader market volatility. The trading update underscores how geopolitical tensions are destabilizing airline profitability, with fuel price surges compounding existing economic pressures. Investor confidence faltered as the warning signals deeper industry-wide risks from prolonged regional conflicts and energy market instability.
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000War With Iran:Aircrafts operated by Easy Jet Plc at London Luton Airport.EasyJet Plc shares fell the most since 2022 after the UK budget airline warned of a loss in the first half of this fiscal year because of disruptions from the Iran war.Shares fell as much as 8.7% on Thursday in London, the steepest intraday drop since June 2022, after the airline said it expects a headline loss before tax of £540 million ($733 million) to £560 million in the first six months.

The Middle East conflict added £25 million in fuel costs in March, the carrier said in a trading update.

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Source: Bloomberg Markets

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