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Topic: easyjet

An easyJet Airbus A320 landing
Companies
Thursday, 7/23, 10:16 AM

EasyJet's profit falls 70% as the oil shock drives up its fuel bill

  • The budget airline easyJet reported headline pre-tax profit of £85 million for the quarter to June, down from £286 million a year earlier, a 70% fall.
  • Revenue actually rose 2% to £2.98 billion.
  • The gap is almost entirely fuel: its bill jumped £105 million as the Middle East conflict pushed oil prices up and softened demand.

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