Published by Global Banking & Finance Review®
Posted on March 23, 2026
1 min readLast updated: March 23, 2026
Add as preferred source on GoogleeasyJet CEO Kenton Jarvis warns that as fuel hedging coverage for 2026 winds down, higher ticket prices are likely to emerge by late summer, depending on fuel cost trends.
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)
Prices will rise as EasyJet's current fuel hedges expire, exposing the airline to higher fuel costs due to the Iran war.
EasyJet has hedged 84% of its fuel needs for the first half of 2026, 62% for the second half, and 43% for the first half of 2027.
Consumers will start seeing higher ticket prices towards the end of summer.
The impact on ticket prices will depend on future fuel price trends.
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