BUSINESS NEWS


Jet2 says ‘summer is on’, while easyJet intends ‘to operate the full summer schedule on sale’; inset, US President Donald Trump


A longer ceasefire could lift consumer confidence


ANALYSIS:Carriers upbeat about early summer fuel supplies. By Ian Taylor


The oscillation between hopes of peace and warnings of war in the Gulf, accentuated by US strikes on Iran on Tuesday, offer limited hope of an imminent resolution of the uncertainty and economic pressures weighing on consumer sentiment. However, an extension of the


existing US-Iran ‘ceasefire’ while talks continue appears a reasonable hope – not least as US President Donald Trump seems to have little idea how else to salvage the situation. The conflicting signals saw


Iranian negotiators head for talks in 48 28 MAY 2026


Qatar on Monday as a senior Iranian source insisted “no one can claim an agreement is imminent”, rebutting Trump’s claim at the weekend that a deal was “largely negotiated” with “final details [to] be announced shortly”. The president was obliged to segue


into asserting the US would “not rush into a deal” while specifying “the Strait of Hormuz will be opened”, contradicting an Iranian claim that it would “manage” the Strait. So, a touted 60-day extension of


the ceasefire, allowing more time for diplomacy and a gradual reopening of


the Strait, may be the best hope. Yet this would take us to late July and


not mean imminent relief of the squeeze on oil supplies and prices, which seems likely to run through the summer. For now, at least, European carriers


appear confident of fuel supplies remaining sufficient to maintain marginally reduced schedules. That was the message of Jet2, easyJet and Ryanair last week. Jet2 insisted the “summer is on”,


Continued on page 46 travelweekly.co.uk


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