The total fuel bill for Air France-KLM is projected at $9.3 billion for 2026, marking a $2.4 billion rise compared to 2025. Concerns about the blockage of the Strait of Hormuz have pushed Brent crude prices to a four-year high of $126 per barrel, significantly impacting the airline industry.

In the first quarter of 2026, Air France-KLM reported an operating loss of €27 million, which was better than the €389 million loss projected by analysts. KLM’s Back on Track improvement program helped generate €159 million in savings during this period.

KLM CEO Marjan Rintel stated that ongoing geopolitical uncertainty and sharply increased fuel prices will pressure results starting from the second quarter. She emphasized that KLM cannot fully pass on these high fuel prices to customers, which will further impact profitability.

Ben Smith, CEO of Air France-KLM, described the operating environment as “uncertain.” He acknowledged the challenges posed by rising fuel prices and their effects on capacity growth and overall financial performance.

Looking ahead, analysts anticipate continued volatility in fuel prices due to geopolitical factors. The airline must navigate these challenges while implementing cost control measures to mitigate potential operating losses.

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Lufthansa has grounded up to 27 planes, citing increased kerosene prices and the impacts of the Iran war. KLM has scrapped 160 flights over the coming month for similar reasons. Both airlines are reacting to rising costs that have more than doubled since the onset of the conflict.

The International Energy Agency has raised alarms about a looming jet fuel shortage. They noted that Europe currently has approximately six weeks of jet fuel remaining. The head of the agency warned that flight cancellations could occur soon if oil supplies remain constrained.

EasyJet reported a £25 million loss last month due to soaring jet fuel prices. The airline industry is under pressure as costs continue to rise, impacting profitability and operational stability.

Jet2 has advised passengers to arrive at the airport at least two hours before departure. They also mentioned that check-in closes 40 minutes before scheduled departure. These measures aim to mitigate potential disruptions caused by the strike action and fuel shortages.

TUI stated it is monitoring the situation closely and does not anticipate immediate disruption to flight schedules. Yet, uncertainties loom over how long these conditions will persist and their impact on overall flight operations.

Michael O’Leary, Ryanair’s boss, expressed concern regarding supply risks, estimating a reasonable risk that 10% to 25% of their supplies might be at risk through May and June. Details remain unconfirmed about how these developments will unfold in real-time.

Airports Council International (ACI) Europe warned that if passage through the Strait of Hormuz does not resume significantly within the next three weeks, a systemic jet fuel shortage could become a reality for the EU. The current state of affairs highlights an urgent need for clarity as airlines navigate this complex landscape.

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