Ryanair has provided guidance for a full-year profit after tax of €2.3 billion.

Airfares in May and June are approximately 50% higher than they were in the previous year.

easyJet expects a headline loss of between £540 million and £560 million for the first six months of the year.

The blockage of the Straits of Hormuz is causing a scramble for alternative jet fuel sources, particularly from the United States.

Ryanair has provided guidance for a full-year profit after tax of €2.3 billion.

The jet fuel shortage remains a significant issue, with limited supply visibility beyond June, particularly affecting Europe and Asia.

EasyJet expects to report a headline loss of between £540 million and £560 million for the first six months of the year.

Airfares in May and June are approximately 50% higher than the previous year due to the impact of the Iran war on jet fuel prices.