easyJet CEO Warns: Iran War Pushes Up Fuel Costs, Airfares Will Rise

LootboxPhobia · 2026-03-23T19:19:41+00:00

EasyJet Chief Executive Officer Kenton Jarvis stated that rising fuel costs due to the Iran conflict are expected to result in higher airfare prices for consumers by late summer. The company has currently hedged its fuel requirements for the coming years.

LootboxPhobia

2026-03-23 19:19:41

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Investing.com - EasyJet CEO Kenton Jarvis said on Monday that as Iran war pushes up fuel costs, European consumers will see higher ticket prices at the end of summer once the airline’s current fuel hedges expire.

Jarvis stated at the opening of the new base at Newcastle Airport in northeastern England, “The reality is that prices will start to pass through to consumers later in the summer, but it also depends on the trend of fuel prices.”

The UK low-cost carrier disclosed in January that it had hedged 84% of its fuel needs for the first half of 2026 at an average cost of $715 per metric ton. For the second half of this year, the airline has hedged 62% of its fuel needs at $688 per metric ton; for the first half of 2027, it has hedged 43% of its fuel needs at $671 per metric ton.

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