EasyJet shares tumble as geopolitical tensions bite
EasyJet's stock fell sharply Thursday after warning that escalating Middle East conflict and surging fuel costs are dampening customer bookings. The budget airline absorbed approximately £25 million in additional fuel expenses due to regional tensions and cautioned that volatile energy prices will continue pressuring margins. Shares dropped as much as 8.7% before closing down 3.2%. Management now projects a headline loss before tax between £540 million and £560 million for the first half of 2026. The guidance signals mounting headwinds for European carriers as geopolitical risks intersect with structural cost inflation in the aviation sector.
