Europe's leading budget airlines have expressed confidence in maintaining normal flight schedules this summer, despite warnings of potential jet fuel shortages linked to the Middle East crisis. Jet2, Ryanair, easyJet, and Wizz Air have all stated they are well-prepared to handle any supply disruptions, with Jet2 reporting a 6.2% rise in summer bookings.
Ano Kuhanathan, head of corporate research at Allianz, warned that the UK is particularly vulnerable due to its heavy reliance on imported jet fuel, with around three-quarters of Europe's supply passing through the Strait of Hormuz. However, airline executives have downplayed the risk, with Ryanair's Michael O'Leary noting that the threat of disruption is receding before the end of June.
Jet2's spokesperson confirmed ongoing dialogue with fuel suppliers, stating there is no reason to expect any changes to their scheduled programme. EasyJet has pledged to run a full schedule, while Wizz Air's managing director Yvonne Moynihan highlighted the airline's ability to source fuel from alternative countries through a tactic known as tankering.
The airlines have also committed to not imposing additional fuel surcharges on passengers. Despite the geopolitical tensions, travel demand remains strong, with Skyscanner's Laura Lindsay noting a shift towards domestic and last-minute bookings. Jet2 revealed that the booking profile has become increasingly close to departure due to the conflict, reflecting traveller unease.
