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

NEWCASTLE, England, March 23 (Reuters) - The chief executive of easyJet EZJ.L 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.