The package holiday operator Jet2 has reported a strong rebound in summer holiday bookings following the fragile ceasefire in the Middle East, sending its London-listed shares up by around 10% in early trading on Wednesday. The company, which flies about 20 million passengers a year, said many customers had held off booking while they waited to see how the conflict unfolded, but demand has recovered across all its destinations in recent weeks. Chief executive Steve Heapy said there remained "a massive amount of people who want to go away", with a building European heatwave adding to the appetite for trips abroad.

Jet2 said its summer bookings are up 7.1% on the same point last year, with the average load factor — the share of available seats filled by paying passengers — up 1.2 percentage points. Turkey, Cyprus, the eastern Greek islands, Bulgaria and parts of north Africa have rebounded most in percentage terms, though all destinations rose. The upbeat comments came before Donald Trump declared the ceasefire with Iran was over on arrival at a Nato summit in Ankara, remarks that pushed oil prices up more than 6% on fears over supplies through the strait of Hormuz. Separately, a new EU biometric border system has caused hours-long airport queues in continental Europe; Heapy advised passengers to arrive early but said no Jet2 flights had left travellers behind.