The CEO of British low-cost airline easyJet said on Monday that European consumers will begin to feel the increase in air fares due to the war in Iran at the end of the summer, when the current fuel price insurance ends. “The reality is that prices will begin to be passed on to consumers at the end of the summer,” said Kenton Jarvis during the opening of easyJet’s new base at Newcastle Airport in North East England. However, he added that it will also depend on how fuel prices will develop by the end of the summer. TASR informs about it based on a Reuters report.
- easyJet’s chief executive expects higher fuel prices to be passed on to passengers by the end of the summer.
- The amount of ticket price increases will depend on the further development of fuel prices.
- easyJet has 84 percent of its fuel needs for the first half of 2026 fixed.
- United Airlines reacts to rising fuel prices by reducing the number of flights by five percent.
- United Airlines is preparing for oil prices to rise to $175 per barrel.
In January, the air carrier easyJet said that si insured 84% of its fuel needs in the first half of 2026, 62% of its needs in the second half of this year and 43% of its needs in the first half of next year.
According to the DPA agency, the American airline company United Airlines announced on Friday (March 20) that will respond to the drastic increase in fuel prices due to the war in Iran by reducing the number of its flights by 5% in the near future. United chief Scott Kirby noted that the company is currently preparing for the price of oil to rise to $175 (151.45 euros) per barrel (159 liters) and not fall below $100 until the end of 2027.
