EasyJet warns Iran war will push up ticket prices from end of summer

NEWCASTLE, England, March ​23 (Reuters) - The ⁠chief executive of ​easyJet said European consumers would start to ​see ‌higher ticket prices as a ⁠result of the Iran ⁠war towards the end ​of summer, when existing fuel hedges come to an end.

"The reality ​is ‌that prices will start feeding through to the consumer towards the back end of ​the summer, but equally it depends what ‌happens to fuel prices," CEO Kenton Jarvis said ‌as the airline opened a new base at Newcastle Airport in northeast England.

The ​British budget airline said in January ‌it had hedged 84% of its fuel needs for the first half ⁠of ⁠2026, 62% for ‌the second and 43% for the first half ​of ​2027, at an average ‌cost of $715, $688 and $671 per metric ton, respectively. (Reporting by Sarah Young; Editing by Kate Holton)

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