EasyJet Vows Full Summer Schedule Despite £552 Million Loss as Jet Fuel Prices Nearly Double
Updated
Updated · BBC.com · May 21
EasyJet Vows Full Summer Schedule Despite £552 Million Loss as Jet Fuel Prices Nearly Double
3 articles · Updated · BBC.com · May 21
EasyJet said it sees no jet-fuel supply problems at its airports and still plans to operate its full summer schedule, with CEO Kenton Jarvis telling travelers to book with confidence.
The reassurance comes despite the Iran war effectively blocking the Strait of Hormuz, a key route for Europe’s jet fuel, and driving fuel prices close to double.
Jarvis said the airline will not add fuel surcharges and cited increased fuel production in Norway, West Africa and the Americas, plus more refining capacity outside the Gulf region.
EasyJet is still seeing a shorter booking window, with customers delaying summer purchases because of Middle East uncertainty even as near-term demand remains strong.
The carrier posted a £552 million pretax loss for the six months to March and warned higher fuel costs and demand uncertainty could weigh on second-half profitability.
With rivals cancelling thousands of flights, is EasyJet's summer promise a bold strategy or a risky gamble?
While airlines reassure passengers, what critical supply chains are quietly breaking from the jet fuel crisis?
As airlines patch fuel supplies, is Europe ignoring a systemic threat to its economy and security?