Leading European airlines have warned that ticket prices may rise in the coming period due to increasing jet fuel costs and the expiration of fuel hedging agreements.
Speaking at an industry meeting in Brussels, airline executives stated that geopolitical developments in the Middle East have significantly driven up energy prices, directly impacting operational costs. As existing fuel hedge agreements that have protected many carriers gradually expire, airlines are expected to become more exposed to market fuel prices.
Lufthansa CEO Carsten Spohr said that rising costs could be reflected in ticket prices and may weigh on demand. He also noted that the airline has added additional services to Asian routes to offset operational disruptions in the Gulf region.
