easyJet has reported wider first-half losses, partly due to an unexpected £25 million increase in jet fuel costs during March. This surge in expenses followed the start of the war involving the US, Israel, and Iran, leading the budget carrier to raise ticket prices to offset the higher costs.
Summer holiday bookings are currently trailing last year's levels as the conflict in the Middle East weighs on consumer confidence. While the airline has seen strong growth in its holidays business, many passengers are holding back and waiting longer to book their trips due to the uncertainty caused by the Iran war.
The airline's full-year outlook remains uncertain due to continued fuel-price volatility and ongoing booking delays. While easyJet has reported no problems with fuel, it warns of continued pressure from higher prices and softer summer bookings.