Easyjet grounded to £560m loss after Iran war
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Easyjet forecasts a pre-tax loss of £540m to £560m for the first half of the financial year due to disruptions from the Middle East conflict and rising operational costs. The airline faced increased jet fuel prices, with 18% of its fuel purchased in March adding £25m to losses. Additionally, Easyjet incurred £30m in legal provisions. CEO Kenton Jarvis noted that the financial performance has worsened year on year, but operational plans for peak summer are on track.
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