Budget airline may slash flight prices in days as passengers made promise | UK | News
easyJet’s chief executive has revealed that the budget airline could cut fares once again if the Strait of Hormuz is fully reopened.
The well-known low-cost airline had previously said it would increase its prices this summer as a result of the conflict in Iran, with jet fuel supplies across Europe tight due to the ongoing turmoil in the Middle East.
CEO Kenton Jarvis told The Mail on Sunday that the long closure of Hormuz meant “a lot of spare production will start flowing” from the region once shipments are allowed through the vital waterway once again.
He said: “Once the Strait of Hormuz reopens, there will be a lot of material that will start to be shipped through there.”
When asked if EasyJet would pass on savings to passengers if fuel costs fall as a result of the global price drop, the CEO simply replied: “Yes.”
“EasyJet’s goal is to make flying affordable, accessible and easy for as many people as possible,” he continued. “We will always have attractive wages. The reality is that this benefit will flow back over time.
“If additional oil fields and wells are opened in Nigeria, Norway and the North Sea, after two years no one will close them. This will increase global supply.”
This comes as president Donald Trump He announced that a peace agreement between the United States and Iran is now possible and that negotiations on the final details are currently ongoing. Donald Trump announced on Truth Social: “An agreement between the United States of America, the Islamic Republic of Iran, and various other listed countries has been substantially negotiated and is expected to be finalized.
“The final aspects and details of the agreement are currently being discussed and will be announced shortly. The Strait of Hormuz will be opened, among many other elements of the agreement.”
Earlier on Saturday, a regional official with direct knowledge of Pakistan-led mediation efforts revealed that the United States and Iran were nearing a deal to end the conflict.
The official, who spoke on condition of anonymity because of the sensitivity of closed-door talks, warned that “last-minute disagreements” could still derail the entire process.
