Background, context from their news page:
On sale capacity for Summer 2026 is currently 7.7% higher than Summer 2025, at 19.9m seats. Booked to date passengers are up by 6.2% with both package holidays and flight-only showing positive growth. Since commencement of the conflict in the Middle East, the booking profile has become increasingly close to departure. At present, Q1 (April, May, June) combined average load factor is in line with the prior year, with the current geopolitical uncertainty limiting visibility for the peak summer season and beyond. As previously stated, we continue to invest in load factor and remain fully committed to pricing that is attractive and represents real value to our Customers. The Group has a strong hedged position with 87% of its summer requirement hedged and jet fuel swaps at an average price of $707 per metric tonne giving us a high degree of cost certainty. We are also maintaining frequent dialogue with our fuel suppliers and airport partners on fuel supply.
My opinion:
I think the utilization of the planes actually will not decrease for this summer and even after, as the airline can change their destinations to shorten distances. As long as the destination is warmer and sunnier than England, customers will continue booking. The current selloff seems overblown given positive growth for this summer.