International Airlines Group (IAG), the parent company of British Airways, has issued a profit warning citing the impact of rising fuel costs driven by the ongoing conflict in the Middle East.
The company's concerns align with broader industry fears that jet fuel supplies are under threat, with oil executives warning of potential shortages in key markets.
Ryanair's CEO recently warned that European carriers could face "real failures" if fuel prices remain elevated.
Fuel prices have surged since the war began, compounding pressure on airlines already grappling with high operational costs.
Ryanair's CEO recently warned that European carriers could face "real failures" if fuel prices remain elevated.
IAG's statement underscores the growing financial strain on the sector as energy markets remain volatile.
The situation highlights the interconnectedness of global energy and aviation markets.