Easyjet, Jet2 and Ryanair jet fuel updates have been issued for UK tourists with summer holidays booked. Ever since the Iran war erupted, passengers have faced anxious waits for news on their planned travel. With the Strait of Hormuz closed, there have been fears of fuel shortages for Easyjet, Jet2 and Ryanair flights. The three airlines – all of which fly from Birmingham , or BHX – are among the leading three carriers in the world. All three are the most popular holiday airlines for
families heading abroad over June, July and August. But amid uncertainty and anxiety, the airlines have issued reassuring updates. READ MORE Air conditioning for four million homes in UK after government warning On when will Europe run out of jet fuel, Ryanair boss Michael O’Leary said: “It won’t. There was a real concern back in April. There was real worries over supply, jet supply. We met all of our fuel suppliers in Paris last week. There’s no issues over jet fuel supply right now through
to the end of September. “Most of Europe’s Jet A-1 supply comes from West Africa, The Americas, Norway, and the lifting of Russian sanctions has also eased the supply of Jet A-1 into Eastern European countries.” During an interview for Bloomberg, O’Leary, CEO of Ryanair, low-cost European airline, said: “I think there’s a real sea change this year of people who would historically have gone to The Middle East, or using The Middle East carriers to connect to long haul, probably going to stay at
home in Europe this summer.” “I’m very concerned about the price of oil. But I don’t believe the conflict in Iran will have any disruption on European jet supplies.” “The question for us is ‘How long will the Strait of Hormuz remain closed?’. If it remains closed until March 2027, because of our own hedge, our unit cost might rise mid-single digits this year.” “We bought 80% of our jet fuel requirements out to March 2027 at $67 a barrel. So we’re in great shape.”
“If the Strait of Hormuz stays closed until September, October, or November, then our unit cost will be up about 5%.” Despite uncertainty, Jet2, has operated its busiest ever weekend, with a record-breaking number of customers jetting off for the May half-term from its airports across the UK. Jet2 has also committed not to increasing surcharges for passengers – giving them confidence to fly this summer. Steve Heapy, CEO of Jet2, said: “This weekend saw us operate a record-breaking weekend, as customers took advantage of
the bank holiday weekend and May half-term and took off to the sunshine. Given the number of customers who travelled with us over the weekend, it is very clear how much people want to get away and enjoy their well-deserved holidays. With our famous Red Team looking after customers, holidaymakers can look forward to creating memories and be assured of a wonderful holiday.” He added: “Everything is geared up and ready for a busy summer and our message to holidaymakers is that summer is very
much on. We have always been very clear about our plans to operate as normal this summer, and the busy weekend shows just how eager customers are to get away.” EasyJet is facing a potential takeover from US private equity giant Castlelake as the low-cost airline grapples with the fallout from the Iran war. In a statement released on Friday evening, Castlelake confirmed that it is in the “early stages of considering a possible offer” for the FTSE 250 airline. It added that “no approach
has been made to the board of easyJet” and there was no certainty that it would make a bid for the company. While easyJet has fixed the price of more than 70 per cent of its fuel needs until September, its kerosene bill still rose by £25m in March. This makes it one of the least-hedged London-listed airlines. Kenton Jarvis, the carrier’s chief executive, said the airline was bracing for a hit from fuel that could reach £175m this summer.
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