EasyJet's Profit Plunge: A Cautionary Tale for Global Airlines The recent 70% slide in profits at low cost airline easyJet is a stark reminder of the unpredictable nature of global events on the aviation industry.
The carrier's financial woes can be directly attributed to the ongoing conflict in Iran, which has sent fuel costs skyrocketing.
EasyJet's pre tax profit for the period ending June 30 was £85m, down significantly from £286m recorded during the same period last year.