EasyJet reports softer summer bookings versus last year as the Middle East conflict creates uncertainty, with about 58% of seats sold for the six months ending in September, down a couple of percentage points year over year.

Short-notice bookings for departures are up year over year, suggesting some resilience in immediate demand despite overall weak visibility.

Despite higher late bookings, management cautions that summer demand remains uncertain and cites fears of UK flight cancellations tied to fuel anxiety.

Looking ahead, EasyJet plans to focus on liquidity preservation, dynamic pricing, route optimization, and partnerships to sustain a recovery amid ongoing external cost pressures.

CEO Kenton Jarvis said there is no observed fuel disruption and urged customers to book with confidence, noting a strong investment-grade balance sheet that supports resilience.

Jarvis reiterated EasyJet’s solid balance sheet and resilience, signaling the airline is well positioned to navigate geopolitical tensions.

He also stated the group intends to operate the full summer schedule, backed by 4.7 billion pounds in liquidity.

EasyJet expects a 200 million pound rise in fuel costs for the summer and has hedged 72% of its fuel needs at 726 dollars per tonne, with current spot prices around 1,350 dollars.

Analysts note fuel costs as the main risk; a 100-dollar move in fuel price could add roughly 35 million pounds to costs due to hedging and exposure.

Management says ongoing cost controls and efficiency measures will continue, but no specific guidance on routings, schedules, or pricing was provided.

EasyJet Holidays continues strong growth, with customer numbers up 22% year over year, reinforcing the group’s growth strategy.

Half-year results show a loss of 552 million pounds, in line with guidance and reflecting higher fuel costs and weaker demand amid the conflict.