Framing Analysis
EasyJet reports no fuel supply disruptions and expects no summer flight cancellations after spending an additional £25 million on fuel in March amid higher prices from the Iran war blockade. The carrier has hedged 72 percent of its needs for the next six months, suspended short-term hedging, and ruled out surcharges while noting later customer bookings. Increased refining capacity outside the Gulf region and diversified production in Norway, West Africa, and the Americas have supported supply stability.