Easyjet takes £200m profit hit in Iran war travel chaos Transport & Infrastructure Easyjet has revealed a £200m profit hit as the budget airline battles with the soaring energy costs and falling travel demand caused by the Iran war. The FTSE 250 carrier posted an £85m profit in the three months to June, down 70 per cent on £286m in the previous year, as passenger volume slipped by [...]
Ryanair profit tumbles as jet fuel prices soar Transport & Infrastructure Ryanair shed more than a third of its profit as rising jet fuel prices triggered by the Iran war began to take effect. The budget airline had previously insulated itself from rising fuel prices by fixing its energy costs on hedged contracts. But Ryanair said the cost of the 20 per cent of its jet [...]
Jet2 handed £400m boost from Iran war jet fuel spike Transport & Infrastructure Jet2 recorded a £400m boost from the rising price of jet fuel which caused widespread fear that summer holidays could be cancelled and airlines could go bust. The package holiday provider revealed that it defied the travel chaos caused by the Middle East conflict to instead take a £388m balance sheet boost from rising jet [...]
Flying at Heathrow will cost ‘significantly more’ due to third runway bid June 12, 2026 Heathrow’s bid for a third runway will “significantly” push up the cost of flying from the UK’s biggest airport, a leading aviation expert has warned. The airport’s expansion will “inevitably” push up ticket fares because it is set to be allowed to hike the fees it charges to airports, Alton Aviation’s Ronan Murphy told City [...]
WH Smith shares crater after outlook slashed on Iran war travel chaos June 10, 2026 WH Smith shares have cratered after the retailer slashed its profit forecast amid the prolonged slowdown in global travel and slump in consumer confidence caused by the Iran war. Shares in the FTSE 250 retailer slumped by 16 per cent on Wednesday’s market open to 415p, leaving the stock down more than 35 per cent [...]
Air fares to soar again if fuel costs stay high, British Airways chief warns June 7, 2026 Prices for flights will shoot up again if fuel costs stay high, the chief of British Airways has warned. The airline’s chief executive, Sean Doyle, said there is “no getting away from” the fact that “if fuel goes up, fares have to go up.” Since the Iran war began in February, jet fuel prices have [...]
Losses balloon at Easyjet despite seeing ‘no disruption’ to jet fuel supplies May 21, 2026 Easyjet has played down fears that a jet fuel crisis caused by the Middle East will rip through its low-cost model, saying it has kept price rises to a minimum despite losses at the carrier ballooning to more than half a billion pounds. The London-listed carrier told investors it was “not seeing any disruption” to [...]
Starmer scrambles to limit fuel shortage hit May 20, 2026 Sir Keir Starmer has spelt out a number of policies to address fuel shortages, signalling the government’s fears that the Iran war could hit motorists and households. During Prime Minister’s Questions, Starmer defended an announcement last year to “phase” new sanctions on Russia, while also trailing a policy to freeze a 5p fuel duty cut [...]
Ryanair warns ‘weak’ airlines will go bust this year as fuel costs soar May 18, 2026 Ryanair’s finance boss has said he “wouldn’t be surprised” if some of the airline’s “weaker” rivals went bust later this year, as the Iran war spikes fuel costs. The Dublin-based budget carrier has insisted it is “confident” despite warnings of a jet fuel crisis, but US carrier Spirit Airlines shut down last month, and Ryanair [...]
Heathrow, Gatwick revolt over Labour flight cancellation plans May 12, 2026 Heathrow and Gatwick have urged the government to climb down from plans to allow airlines to scrap flights without notice – a move which could endanger the summer holidays of millions of Brits. The leading airports reportedly wrote to the government to oppose mooted plans to unwind “use it or lose it” rules to allow [...]