EasyJet warns Iran war to hit summer bookings, deepen first-half loss

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Thu, April 16, 2026 at 9:14 PM GMT+7

STORY: EasyJet warned it has felt an impact from the Iran war on Thursday (April 16).The budget airline said it would lead to bigger losses, and further added bookings were down compared to last year.It now forecasts a headline pre-tax loss of $733 million to $761 million for the first-half – much higher than a year before.EasyJet said summer bookings were below year-ago levels, with the third-quarter 63% sold compared with 65% last year.The market will look for any sign of the conflict’s effects on the fragile profit margins and revenue of European airlines.Especially with carriers from the region due to start reporting first-quarter results in the coming weeks.EasyJet rival Wizz Air has already said its annual net profit will take a near $59 million hit.The conflict has sent jet fuel prices soaring.That’s forced airlines to raise fares, cut growth plans and rethink forecasts.EasyJet said the Iran war has caused near-term uncertainty around fuel costs and customer demand.The update sent easyJet shares down as much as 9% and dragged other budget airlines with it.Although it did slightly recover in later trading.

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EasyJet warns Iran war to hit summer bookings, deepen first-half loss

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