EasyJet reported a third-quarter profit of £85 million, a significant decline from the same period last year, as the airline grappled with elevated costs stemming from the ongoing conflict in Iran.
The British low-cost carrier, currently a takeover target, cited operational disruptions linked to the war as a primary driver of the margin compression, marking a stark contrast to the robust travel demand seen in previous years.
This performance mirrors recent struggles by rival Ryanair, which reported a 33% drop in quarterly profit earlier this month.
The results highlight the intensifying headwinds facing European aviation, where geopolitical instability is translating directly into higher fuel and routing expenses.
While consumer confidence remains resilient, the ability of carriers to pass on these increased costs to passengers is being tested, leading to softer average fares across the sector.
This performance mirrors recent struggles by rival Ryanair, which reported a 33% drop in quarterly profit earlier this month.
The Irish carrier attributed its miss to a combination of higher fuel bills and weaker pricing power, warning that summer fares were tracking below last year's levels.