Overview
- This week easyJet confirmed it will raise minimum ticket prices to manage near‑term volatility while saying it currently sees no immediate fuel shortages and intends to operate its full summer schedule.
- Chief executive Kenton Jarvis told reporters the airline would pass any future fuel cost savings back to customers if the Strait of Hormuz reopens and global supplies rebalance.
- easyJet has hedged about 72% of its summer fuel needs but still reported a £552 million loss for the six months to March and has paused parts of its usual hedging approach after prices spiked.
- Market trackers say sharp increases in imports from Nigeria, the United States and Norway have eased pressure for now, but jet‑fuel stocks at Europe’s ARA hub are at multi‑year lows and analysts warn of possible undersupply and more cancellations later in the year if Gulf flows do not resume.
- Governments and airlines have used measures such as slot relief, schedule adjustments and sourcing fuel from alternative suppliers to protect summer flying, but passengers are delaying bookings and forward demand remains softer than a year ago.