easyJet posts £540M pre-tax loss due to rising fuel costs and geopolitical tensions.

easyJet has reported a headline pre-tax loss of £540 million to £560 million for the first half of the year, up from the previous period, due to rising fuel costs linked to the Middle East conflict. The airline cites geopolitical tensions and uncertainty in customer demand as primary drivers, despite maintaining a strong financial position with a £4.7 billion liquidity buffer. Shares dropped following the announcement, though the company stated operations remain stable.