easyJet's Boss Warns of Rising Fuel Costs

0:00EasyJet's boss has a warning for holiday makers. Fuel costs for flights are spiking because of the warning run, making prices volatile right now. He says the airline is well protected since they buy fuel ahead at good rates for the next few months. Still, if this keeps up, ticket prices will rise, so book your trips early. The company just announced a new base at Newcastle Airport. They'll station three aircraft there, running 86 flights a week across 22 routes. This move will support 1,200 jobs across the UK, including 140 for pilots and cabin crew. UK growth from regional airports like this one has jumped more than 30% over the past three years. Even with the crisis in the Gulf, EasyJet is pushing ahead, taking a long-term view on expansions like this for the medium term. Demand is shifting away from spots near the conflict, like Turkey and Cyprus, toward places such as the Canary Islands, Spain, Portugal, Malta, and Greece. Overall, holiday bookings are holding steady despite cost of living worries in

1:04the UK. Airlines run on thin margins of just 6-7 pounds per seat, so they need efficiencies to handle higher costs. For now, EasyJet expects demand to stay in line, but keeping an eye on those fuel prices will be key moving forward. This has been Lester News Today, powered by AI.