British Airways Owner Flags Possible Ticket Price Hikes Over Fuel Crisis

(MENAFN) The parent company of British Airways has warned that passengers may face higher ticket prices as escalating fuel costs, tied to disruptions in the Strait of Hormuz, put pressure on the aviation sector, according to reports.

International Airlines Group (IAG) said on Friday that rising tensions in the Middle East are pushing up jet fuel prices, which could eventually be passed on to consumers despite companies using hedging strategies to manage costs.

The company noted it is “not immune” to the wider effects of the situation, although it has not yet faced direct interruptions to its fuel supply, as stated by reports.

The warning comes as shipping through the Strait of Hormuz remains heavily disrupted, raising concerns about global fuel availability.

In response, the UK government said it is monitoring fuel reserves closely, while aviation regulators have relaxed rules at British airports. Airlines will now be allowed to cancel flights without losing valuable take-off and landing slots if fuel shortages occur, according to reports.

Some carriers, including Jet2, said their operations are currently unaffected, though industry officials warned that ongoing instability could lead to flight cancellations and higher fares in the coming weeks, as stated by reports.

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