"Kenton Jarvis stated that forward bookings for summer had started to slow, particularly for flights to Turkey, Cyprus, and Egypt, which have seen the biggest drop in bookings."
"Jarvis mentioned that while easyJet has hedged much of its fuel into next year, some costs would inevitably be passed on to consumers, leading to a rise in air fares."
"He noted that the drop in bookings could last about six weeks, similar to the impacts seen after the Ukraine crisis and the Hamas attacks on Israel."
"The reopening of the Newcastle base will bring 140 jobs for pilots, cabin crew, and engineers, supporting over 1,000 new jobs in the wider north-east region."
EasyJet's chief executive, Kenton Jarvis, reported a decline in flight bookings due to the Middle East conflict and rising oil prices. Although the airline has hedged fuel costs, some expenses will be passed to consumers, likely resulting in fare increases by summer's end. Bookings for flights to Turkey, Cyprus, and Egypt have dropped significantly, while demand for destinations like Spain, Greece, and Portugal remains strong. EasyJet has reopened a base at Newcastle airport, creating 140 jobs and supporting over 1,000 jobs in the region.
Read at www.theguardian.com
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