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Story summary
- EasyJet plc, the UK budget airline, warned of a larger first-half pre-tax loss of £540-560 million due to rising fuel prices linked to the Iran war.
- The loss includes £25 million in extra fuel costs and £30 million in legal expenses.
- Third-quarter bookings are 63% sold, down from 65% last year.
- Customers are avoiding trips to Turkey, Egypt, and Cyprus.
- Shares in EasyJet fell 9%.
