EasyJet bookings fall because of Iran war as boss warns of air fare rises [Yahoo! Finance Canada]
EASYJET PLC S/ADR (ESYJY)
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Source: Yahoo! Finance Canada
The chief executive, Kenton Jarvis, said that while the airline had hedged much of its fuel into next year, avoiding soaring kerosene prices , it was “unavoidable” that some of the costs would be passed on in fares. He said that forward bookings for summer had started to slow. With their proximity to the conflict, flights to Turkey, Cyprus and Egypt had been hit by the biggest drop in bookings, Jarvis said, and passengers had instead turned to the “usual suspects” of Spain, Greece and Portugal, which were “holding up pretty firmly”. Related: Europe's biggest airlines say fuel price spike caused by Iran war will drive up fares He said: “We have seen a drop in bookings. If it's the same as the Ukraine crisis or after the Hamas attacks on Israel, that tends to lasts about six weeks, until, terrible though it is, the news is off the front pages.” Tui, Europe's biggest holiday operator, said earlier this month that demand had risen for holidays in Spain, Portugal, Greece and Cape
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