#international airlines group

8‏/5‏/2026

British Airways fares to rise in attempt to offset £1.7bn fuel cost hit

Owner IAG expects to recover 60% of additional fuel bill caused by Iran war through ‘revenue and cost management’ Business news – live updatesBritish Airways fares will rise to try to recoup most of a €2bn (£1.7bn) hit in fuel costs this year, its parent group has said, warning that the Iran war will dent profits.The International Airlines Group (IAG) said its annual fuel bill was now expected to be about €9bn, up from the forecast €7.1bn, as 70% of its supply was hedged, shielding it from the full impact of soaring jet fuel prices since the start of the conflict. Continue reading...

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Guardian UK

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

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8‏/5‏/2026

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...

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...

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

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British Airways fares to rise in attempt to offset £1.7bn fuel cost hit

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

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

British Airways owner issues profit warning over soaring jet fuel costs