EasyJet boss says 'don't panic' over summer jet fuel supplies
Summary
The boss of EasyJet said there are no problems with jet fuel supplies for the summer, so passengers should not worry about flight disruptions. Despite higher fuel prices caused by conflict in the Middle East, EasyJet plans to operate its full summer schedule without adding extra fuel charges to ticket prices.Key Facts
- EasyJet has not experienced any issues with jet fuel supplies at airports in the UK, Europe, or beyond.
- The conflict in the Middle East has caused fuel prices to nearly double due to a blockade affecting fuel routes.
- EasyJet is working closely with fuel suppliers, airports, and governments to secure fuel and sees no future supply issues.
- The airline will not add additional fuel charges to its fares this summer.
- Fuel production has increased in Norway, West Africa, and the Americas, helping supply outside the Gulf region.
- Customers are booking flights closer to their travel dates rather than far in advance because of the uncertainty caused by the conflict.
- EasyJet reported a £552 million pre-tax loss for the first half of the year but expects to rely on the summer travel season to improve profits.
- Higher fuel costs and uncertain customer demand remain risks for EasyJet’s financial outlook in the second half of the year.
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