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Budget airline easyJet has said it had to spend an unexpected extra £25m on jet fuel in March, after the start the US and Israel’s war on Iran.

But chief executive Kenton Jarvis said this morning that there have been “no issues” with fuel supply and that people should not panic about their summer holidays.

We have seen absolutely no issues with fuel supply at any of our airports in the UK, across Europe, or indeed beyond.

We stay in very close contact with our fuel suppliers, airports, governments, and they are equally raising no issues looking forward. What is true is obviously there’s a lot less oil coming from the Gulf region, but fuel suppliers have successfully diversified, with production increased in Norway, in West Africa, in the Americas, and refining capacity for jet fuel has also increased substantially outside of the Gulf region.”

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May 21, 2026 Business Stock markets FTSE

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