EasyJet profits plunge 70% as fuel costs soar amid Iran war

Per The Guardian, budget airline easyJet's profits plunged seventy percent in the April-through-June quarter, falling from two hundred eighty-six million pounds to eighty-five million pounds. The carrier blamed soaring fuel costs—which surged by one hundred five million pounds—following late-February conflict in Iran, with passengers also delaying their bookings due to uncertainty. easyJet is now fielding takeover bids from two U.S. investment firms, with a five point seven billion pound deal already agreed.

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