The airline expects its total fuel bill for 2026 to reach $9.3 billion, which is a significant rise compared to the previous year. Concerns over the blockage of the Strait of Hormuz have pushed Brent crude prices to a four-year high of $126 per barrel.

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

KLM CEO Marjan Rintel stated that the ongoing geopolitical uncertainty and sharply increased fuel prices will pressure results from the second quarter onward. He 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, noted that the operating environment remained “uncertain.” As airlines navigate these challenges, cost control measures will be crucial for maintaining financial stability.

Observers expect continued scrutiny on how airlines adapt to fluctuating fuel prices and geopolitical risks. The airline industry faces a complex landscape as it strives for recovery amidst these pressures.

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As of early Tuesday, the situation is tense. The ongoing conflict in the Middle East is impacting jet fuel supplies across Europe.

Lufthansa has grounded up to 27 planes due to increased kerosene prices, which have more than doubled since the Iran war began. KLM has scrapped 160 flights over the coming month for similar reasons.

Europe currently has approximately six weeks of jet fuel remaining. The head of the International Energy Agency cautioned that if oil supplies remain constrained, flight cancellations could occur soon.

EasyJet reported a £25 million loss last month due to soaring jet fuel prices. Jet2 advised passengers to arrive at least two hours before their flights, as check-in closes 40 minutes prior to departure.

TUI stated it is monitoring the situation closely and does not anticipate immediate disruption. Yet, uncertainties linger regarding the exact impact of the fuel shortage on flight schedules.

Michael O’Leary, Ryanair’s boss, expressed concern about supply risks. He suggested there might be a low risk—between 10% and 25%—that some supplies could be affected through May and June.

Details remain unconfirmed about the duration of the strike action by Spanish Air Traffic Control. This unfolding crisis is critical for travelers and airlines alike as they navigate these turbulent times.

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