CEO commentary notes bookings shifting to later dates and more domestic travel, with some weakness in eastern Mediterranean routes but gradual recovery in Cyprus, Egypt, and Turkey.

EasyJet warns of a significant hit from rising jet-fuel costs linked to the Middle East conflict, guiding to a headline loss before tax of roughly 540-560 million pounds for the six months to March.

Summer bookings show a slight lag versus last year, though Easter demand was the strongest on record and the ramp-up to peak summer continues.

The prior-year period showed a loss of about 394 million pounds, underscoring the widening impact of the energy market on the airline.

Oil prices have surged amid tensions around Iran and disruptions to tanker flows through the Strait of Hormuz, feeding into near-term fuel-cost uncertainty.

Industry chatter suggests potential for further flight cancellations if fuel supplies tighten, though leaders expect a quick resolution to boost demand.

Despite fuel-cost concerns, operations at airports served are normal and jet-fuel supply is visible through mid-May, with 70% of summer fuel hedged.

A government spokesperson reaffirmed ongoing support for UK airlines and efforts to reopen the Strait of Hormuz to minimize passenger disruption and price volatility.

Summer bookings remain below 2025 levels, with fourth-quarter bookings around 30% sold and load factors uncertain amid late-summer market conditions and war developments.

Liquidity stands at about 4.7 billion pounds, providing a buffer to navigate a challenging environment and pursue medium-term objectives.

The company will publish its full interim results on May 21, and its London shares slid about 3.7% following the update.

Demand remains solid in the near term, but customers are booking later due to economic uncertainty, shortening the booking window.