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Higher Europe air fares inevitable due to Iran war, says industry lead
European air fares are expected to rise due to high jet fuel costs amid the Iran conflict, according to IATA chief Willie Walsh. While some European fares have temporarily fallen due to discounts, industry leaders warn the price pressures will persist and could affect the upcoming summer travel season, with potential longer-term supply issues.
Why It Matters
The expected rise in airfares and potential fuel-supply disruptions could impact travel costs for consumers and the profitability of airlines, highlighting how geopolitical tensions affect European aviation and travel planning.
Timeline
9 Events
Government: bunkered fuel stocks and scheduling measures
May 13, 2026
A government spokesperson said fuel suppliers keep stocks of bunkered fuel to support resilience, and that the government is working with the aviation industry to keep flights operating and to plan realistic schedules to avoid last-minute disruption and protect holidays.
Discounts in some European fares amid price pressures
May 13, 2026
Some European fares have fallen as carriers offer discounts to attract travellers, though industry leaders expect overall high fuel costs to push prices up in the longer term.
Walsh: peak-summer supply concerns for UK operators
May 13, 2026
Walsh warned there could be shortages during the peak July and August period for UK operators if sufficient alternative fuel supply is not sourced.
Walsh: possible persistence of disruption into next year even if Hormuz reopens
May 13, 2026
He noted that even if the Strait of Hormuz were reopened tomorrow, the impact of disruption could be felt into next year.
IATA chief: Europe fares likely to rise due to fuel costs
May 13, 2026
Willie Walsh said higher ticket prices for air travellers in Europe are inevitable because of the high cost of jet fuel, and airlines cannot absorb the extra costs over time.
UK government: no current jet fuel shortage seen by UK airlines
May 13, 2026
A government spokesperson said UK airlines were clear that they are not currently seeing a shortage of jet fuel.
Tui CEO Sebastien Ebel comments on shortages
May 13, 2026
Sebastien Ebel, chief executive of travel operator Tui, said he did not expect shortages over the coming months.
EU energy commissioner comments on shortages
May 13, 2026
EU energy commissioner Dan Jorgensen said he did not expect a serious shortage in the short term, but could not rule out supply issues in the longer term.
EU says there is no regulatory barrier to US-grade jet fuel in Europe
May 6, 2026
The European Union reportedly stated there is no regulatory reason why US-grade jet fuel should not be used by European airlines, provided its introduction is managed carefully.