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British Airways owner warns of lower profits amid soaring jet fuel costs
خبر
08.05.2026

British Airways owner warns of lower profits amid soaring jet fuel costs

International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on IranBusiness news – live updatesThe parent company of British Airways has warned of lower profits and said it expects to spend about €2bn (£1.72bn) more on fuel than planned this year due to the Iran war.International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about €9bn, up from previous forecasts of €7.1bn. Continue reading...

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Guardian UK
British Airways owner warns of lower profits over soaring jet fuel costs
خبر
08.05.2026

British Airways owner warns of lower profits over soaring jet fuel costs

International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on IranBusiness news – live updatesThe parent company of British Airways has warned of lower profits and said it expects to spend about €2bn (£1.72bn) more on fuel than planned this year due to the Iran war.International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about €9bn, up from previous forecasts of €7.1bn. Continue reading...

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Guardian UK
British Airways owner issues profit warning over soaring jet fuel costs
خبر
08.05.2026

British Airways owner issues profit warning over soaring jet fuel costs

International Airlines Group expects to spend £1.7bn more on fuel than planned since US-Israeli attack on IranBusiness news – live updatesThe parent company of British Airways has issued a profit warning and said it expects to spend about €2bn (£1.72bn) more on fuel than planned this year due to the Iran war.International Airlines Group (IAG), which also owns Aer Lingus, Iberia and Vueling, said it has hedged 70% of its expected fuel use for this year with costs expected to be about €9bn, up from previous forecasts of €7.1bn. Continue reading...

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Guardian Business
Aer Lingus Cancels Over 500 Summer Flights Amid Jet Fuel Supply Concerns
يتطور
Transportation·20.04.2026ملخص الذكاء الاصطناعي

Aer Lingus Cancels Over 500 Summer Flights Amid Jet Fuel Supply Concerns

Aer Lingus is cancelling approximately 500 flights from its summer schedule, representing about 2% of overall services, citing mandatory aircraft maintenance. Routes affected include Dublin to Amsterdam, Athens, Berlin, Faro, Zurich, London Heathrow, Manchester, Birmingham, and Edinburgh. The cancellations come amid global jet fuel supply concerns after the IEA warned Europe has roughly six weeks of fuel reserves, with the Strait of Hormuz effectively closed by Iran. Travel journalist Simon Calder suggests fuel costs doubling has made some routes unprofitable, while IALPA President Mark Tighe attributes the cuts to pilot shortages.

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BBC Business