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Thursday, 23 July 2026
Economy

EasyJet Profit Drops 70% on Higher Fuel Costs and Weaker Demand

The UK budget carrier reported a sharp decline in quarterly profit amid increased fuel expenses and reduced consumer demand tied to the Middle East conflict.

Talivio News · Global 1 min read
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EasyJet, a UK budget carrier, reported a 70% decline in pre-tax profit for its fiscal third quarter, attributing the drop to increased jet fuel costs and lower consumer demand linked to the conflict in the Middle East.

The carrier reported a pre-tax profit of £85m for the period from April to June, down from £286m in the same quarter last year. EasyJet cited higher jet fuel costs and weaker consumer demand as the primary causes. The company's fuel costs rose by £105m, partly due to the conflict in the Middle East.

The airline also agreed to a £5.7bn takeover offer, though the timeline of the deal relative to the profit announcement was not specified.

Soren Falk

Economics Correspondent · Talivio News

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Sources

  1. bloomberg.com — EasyJet Profit Falls 70% Amid Higher Fuel Costs, Lower Demand (opens in a new window)
  2. The Guardian — EasyJet profits plunge 70% as fuel costs soar amid Iran war (opens in a new window)
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