Jet2, Ryanair, and EasyJet have issued updates on jet fuel supplies as UK refineries boost output amid government contingency planning. Energy minister Michael Shanks confirmed the government is monitoring stocks and working with airlines, airports, and fuel suppliers to mitigate potential disruptions. Shanks noted that UK airlines typically buy fuel months in advance and import from diverse sources, including the United States, reducing reliance on conflict-affected regions.
Jet2 Update
Jet2 stated it remains in close contact with fuel suppliers and airports. The airline has hedged 87% of its fuel requirements for the peak summer season at an average price of $707 per metric tonne, providing significant cost certainty. However, Jet2 acknowledged that geopolitical uncertainty in the Middle East has led holidaymakers to book closer to departure, making peak season booking predictions challenging.
Ryanair Update
Ryanair CEO Michael O'Leary initially warned of potential jet fuel supply disruptions from early June if the Middle East conflict persisted. However, after a conference call with all European suppliers, O'Leary noted increased confidence among fuel companies. He stated, "We think the risk of a supply disruption is receding." Suppliers now see no disruption risk until the end of June, a shift from earlier assessments of late May.
EasyJet Update
EasyJet confirmed it will not impose surcharges on flights or package holidays for summer 2026, aiming to provide customers with peace of mind. This applies to both pre-booked packages and new bookings. Garry Wilson, CEO of easyJet holidays, said, "We know that holidaymakers may have questions about what recent global events might mean for their travel plans this summer so we are giving our customers absolute peace of mind that no surcharges will be added." He added that operations remain unaffected, and customers can expect their holidays to proceed as planned without extra payments.
Overall, the airlines assure passengers that current fuel supplies are stable, and contingency measures are in place to prevent travel disruptions.
