Holidays to Europe are safe from the threat of flight cancellations this summer as jet fuel supplies have been bolstered – but British travellers still face a headache when they land.
The roll-out of the Entry/Exit System (EES) continues to cause disruption to UK holidaymakers, with queues of up to six hours reported at European airports in destinations including Spain and Italy.
Travellers face paying more despite the delays to their journeys, as fares for flying later this year could rise when airlines’ hedging contracts expire, meaning they will have to pay high market prices for jet fuel as a result of the war in the Middle East.
Shorts
Hedging is used by airlines to lock in the price of future fuel purchases and protect themselves from global shocks to supply, such as the Strait of Hormuz closure sparked by the Iran war.
