EasyJet warns profits will suffer as Iran war hits bookings and fuel prices

Budget airline says passengers are leaving it later to book flights owing to economic uncertainty

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The budget airline easyJet has warned the impact of the Iran war on bookings and oil prices will hit its profits, having driven up fuel costs by £25m in the last month alone.

It said it expected to report an increased pre-tax loss of £540-£560m for the six months to March, up from £394m in the first half of 2024-25. The carrier typically makes its money in the second half of the year which includes the peak summer period.