Overview
- Kerosene prices have roughly doubled in recent weeks due to conflict near the Strait of Hormuz, and fuel makes about a third of an airline’s costs.
- Airlines have already lifted international ticket prices by up to 15 percent and started selective reductions in service, according to Allianz Trade.
- Lufthansa projects about €1.7 billion in extra fuel costs for 2026 and says it has hedged around 80 percent of this year’s needs but only about 40 percent for 2027.
- A My Flight Path analysis cited by media reports finds Jet2, Ryanair, easyJet and TUI better protected, while Turkish Airlines is most exposed with more than 20 routes and over 100 weekly flights reportedly cut.
- Package operators TUI, Alltours and Dertour say they will not raise prices on trips already booked, and EU rules let travelers cancel in extraordinary disruptions as German officials report no domestic fuel shortage and note Israel’s offer to help with supplies.