Lots of companies have said this morning how the Iran war has affected them, and by association, will be affecting you.
It’s on the good news side from package holiday company Jet2: it’s agreed the price of the vast majority of its summer jet fuel, leading the company to say it has a “high degree of cost certainty” going into the busy season.
On the prospect of fuel supply, it said it was maintaining “frequent dialogue with our fuel suppliers and airport partners”.
There have been worries about jet fuel supplies, prompted by comments from airline executives, as oil and gas transit has been choked by the closure of the Strait of Hormuz, meaning a potential dearth of refined oil products like the kerosene that powers planes.
Uncertainty around the conflict had meant people were booking holidays later, Jet2 said.
Heathrow, however, sounded a little more nervous, saying passenger numbers for the rest of the year are likely to be affected due to significant uncertainty in the Middle East.
After an initial boost in passenger numbers, it was facing an uncertain outlook, it said.
Motor finance scheme costing borrowers
One of the main lenders involved in the motor finance mis-selling scheme, Santander, has said it’s setting aside even more money to fund it.
The bank saw profits drop compared to the same time last year as it put £179m aside.
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