"“We are confident in our fuel supply for this summer,” she said. “We do believe customers can book with confidence this summer.” With all of the coverage in the media over the last couple of months, we did see some weakness in bookings when this conflict first kicked off, but I've actually been quite encouraged with how bookings have been coming in.”"
"“We just need to reassert this message that the talk of fuel supply shortages causing summer chaos is completely overplayed and we believe we can be confident in our fuel supply for this summer,” said Ms Embleton. There have been fears that airlines will be hit by a jet fuel squeeze because of the war against Iran, which has led to the closure of the Strait of Hormuz."
"But Ms Embleton has warned that the carrier does need to manage its cost base in light of the challenges it is facing and has not ruled out job cuts at the company. She said the airline will be engaging with trade unions to explore opportunities for cost savings and realigning the airline's operating requirements."
"The airline chief said that short-term bookings for May and June have been particularly good. The EU typically imports between 30pc and 40pc of the jet fuel used across the bloc. About half those imports come from the Middle East."
The airline states it has enough fuel for the summer and expects customers to book with confidence. The chief executive says early booking weakness occurred when the conflict began, but bookings have since improved, with May and June performing particularly well. Concerns about a jet fuel squeeze are linked to the closure of the Strait of Hormuz and the EU’s reliance on Middle East jet fuel imports. The airline emphasizes that fears of summer fuel shortages causing disruption are exaggerated. It also warns that cost pressures require managing the cost base, including engaging with trade unions to find savings and potentially realigning operating requirements. Job cuts have not been ruled out.
Read at Irish Independent
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