Europe's biggest airlines say fuel price spike caused by Iran war will drive up fares [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
While carriers have partly hedged the price of jet fuel, bosses said they could not keep avoiding passing on additional costs to passengers for long. Long-haul airlines such as Air France-KLM and Lufthansa said they would be adding more flights via Asia with Gulf carriers' hubs either shut or operating at a reduced level since the US-Israel attack on Iran EasyJet dismissed any fears of imminent fuel shortages affecting flights in Europe despite concerns about supplies in parts of Asia, with Vietnamese airlines this week alerting that they may reduce schedules. Kenton Jarvis, the airline's chief executive, said they were “not seeing any issues” with their fuel supply. However, he said passengers should book as early as possible, with hedges on the price starting to unwind, spelling higher fares. Ryanair's Michael O'Leary likewise downplayed immediate changes but said that if fuel price increases “drag on for six months” it would become an issue for airlines. According to Iat
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