2023 holiday warning as Jet2 boss says flights will cost more next summer – so book now

: “It could be next year you see price increases because companies are only hedged by a small amount around fuel.

"They are hedging at much higher rates and prices will have to go up.”

“We will see inflation start to bite in summer 2023 prices.

"We should all do what we can over the next few weeks to get as many bookings in for summer 2023 as possible.”

He added that holidays prices haven't gone up that much right now as they have planned ahead with contracts with hotels and fuel prices ahead of the rise of the cost of living.

Hotels will also be forced to review their prices due to the rise in food prices and taxes.

This means Brits should look at booking their summer 2023 holiday now to take advantage of the cheaper offers currently on the market.

Most tour operators have already launched their summer schedule for next year, meaning a holiday to Spain or Greece can be booked more than a year in advance.

There is some good news, as Mr Heapy said that Jet2 will not be passing on the cost of increased fuel this year, as he would "not do that to our customers".

He first warned that holidays will get more expensive last September, citing environmental restrictions also affecting them.

And Ryanair boss Michael O'Leary previously warned that Brits could expect holidays to cost more this year due to increased demand.

Not only that, but Spain's tourism chief Fernando Valdés warned that if the war between Russia and Ukraine continues, it could prompt flight prices to increase.

He said: "At some point, if the conflict and its effects spread, it may affect the prices of airline tickets."

We've revealed how you could save thousands on your holiday this year with a few simple changes.

This includes being flexible with flight times, and forgoing your favourite destination for a less popular holiday location.

And airline Wizz Air has revealed the six ways to get your flights cheaper.