"The current geopolitical situation in the Middle East has led to a sudden and significant increase in fuel prices, particularly kerosene. As a result, Air France and KLM are increasing their fares on long-haul flights for tickets issued from Wednesday, March 11th, 2026."
"The average global price of aviation fuel reached nearly $168 per barrel on Wednesday, according to the Platts benchmark index, slightly down on Monday but double January 2nd levels. The increase has been sharper than for crude oil prices owing to extra refining and associated costs."
"Air France-KLM said in February it had strengthened its own hedging policy by securing 70 percent of its supplies for the current and next quarters, then 60 percent for the following quarter."
Air France-KLM announced fare increases on long-haul flights effective March 11, 2026, citing soaring jet fuel prices caused by Middle East geopolitical instability. Economy class return fares will typically increase by €50. Aviation fuel reached nearly $168 per barrel, double January levels, with price increases exceeding crude oil growth due to refining costs. Multiple carriers including SAS, Cathay Pacific, Air India, and Qantas implemented similar fare hikes. Fuel represents a major airline expense. Air France-KLM secured 70 percent of current and next quarter supplies through hedging strategies at fixed prices. Cathay Pacific doubled fuel surcharges on most routes from March 18, with Hong Kong-Europe flights increasing from €62 to €129.
Read at The Local France
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