Wizz Air profit wiped out by rising fuel prices Markets Soaring jet fuel prices caused by the conflict in the Middle East led to a sharp drop in Wizz Air’s profit. The increased fuel costs and “extreme volatility” from the war in Iran caused the budget airline to swing to a €198.2m net loss, a significant shift from its €38.4m gains the prior year. The [...]
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 July 8, 2026 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 [...]
Brits wary of EU summer hols as officials refuse to ease new border checks July 7, 2026 The European Union has refused to suspend its divisive new border checks despite admitting that it has found 20 “difficult spots” causing queuing chaos. The EU has said it will stand by its new Entry/Exit System (EES), a biometric border regime whose botched rollout has threatened to ruin thousands of summer holidays. Officials admitted that [...]
Ryanair warns of ‘passport queue chaos’ with new EU border system July 3, 2026 Ryanair has warned the EU’s new biometric border system will cause “passport queue chaos” this summer and called on European governments to halt the rollout until after the busy travel season. The budget airline said the new system “is not ready” for the large volume of people travelling to Europe over the summer and urged [...]
EU airport chief: ‘I don’t know how we’ll cope’ with new border system June 23, 2026 Europe’s airport chief has warned that he “doesn’t know” how the continent’s airports will “cope” with the huge delays caused by a new EU border system as the holiday season looms. Stefan Schulte, president of European airports trade body ACI Europe, told an industry event in Prague: “Passengers are queuing for hours at peak traffic [...]
Easyjet investors call for £600m more from US bidder June 23, 2026 Easyjet investors have said they are holding out for at least £600m more from Castlelake, the US private equity firm whose bids have been brushed off by the budget airline. Shareholders in the FTSE 250 firm said that they would not consider a takeover offer unless the offer reached at least £7 per share, valuing [...]
Castlelake urges Easyjet investors to back £4.7bn takeover bid June 22, 2026 Private equity firm Castlelake is calling on investors in Easyjet to lobby the budget airline to accept its third takeover offer, after the FTSE 250 carrier slapped down its latest bid over the weekend. The bidder said on Monday that Easyjet has rejected three successive takeover bids and criticised the airline for its “unwillingness to [...]
Hopes rise for decision on Heathrow’s third runway plan June 18, 2026 Hopes for full government backing this summer for Heathrow’s expansion plans were rising on Thursday, with London’s main airport operating on the brink of full capacity. A report in The Times said Prime Minister Keir Starmer’s government is moving to clear the plans before any challenge to his leadership from Andy Burnham, with voting underway in [...]