"Air France-KLM expects its fuel bill to increase by $2.4bn this year due to the surge in costs since the Middle East conflict began, leading to a revised capacity growth forecast of 2%-4%."
"Despite reporting a smaller loss than expected for the first quarter, the airline's total fuel bill for 2026 is projected to be $9.3bn, an increase of $2.4bn compared to 2025."
"The airline has raised ticket prices in response to the increase in fuel costs, and there was an initial boost in travel to European carriers following the outbreak of the Iran war."
Air France-KLM has lowered its capacity growth forecast for the year to 2%-4% due to increased fuel costs driven by the Iran war. The airline anticipates a $2.4bn rise in its fuel bill, totaling $9.3bn for 2026. Despite a smaller-than-expected first-quarter loss of €27m, the operating environment remains uncertain. The airline has raised ticket prices in response to fuel cost increases and operates a fuel hedging policy that will save $1.5bn. Concerns over jet fuel shortages could impact smaller airports in Europe.
Read at www.theguardian.com
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