FlightGlobal
• Kerry Reals
easyJet warns profits slumped 70% on soaring fuel costs amid Iran war; latest results follow the €5bn-$6bn takeover agreement
easyJet reported a 70% drop in third-quarter profits, with pre-tax profit falling to £385 million for the three months to 30 June. The airline attributed the decline to a £105 million fuel-cost increase tied to the conflict in Iran and weaker customer demand, though late bookings improved after its recently agreed £5.7bn takeover.
