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British Airways owner issues profit warning over soaring jet fuel costs

increase and its impact, taking the necessary action on yields, costs and capacity,” said Luis Gallego, chief executive of IAG. “The impact of the higher fuel price will inevitably lead to lower profit this year

The threat to summer holidays looming from jet fuel shortages

increase in jet fuel prices as quickly as possible". IAG, which owns British Airways as well as Iberia, Aer Lingus, Vueling and Level, has also warned that travellers will have to pay more, while Virgin

Oil prices rise and markets fall after US ship seizure hits Iran peace deal hopes

impact on international travel and [jet fuel shortages](https://www.theguardian.com/business/2026/apr/19/britons-holiday-uk-summer-flights-iran-war). IAG, the owner of British Airways, dropped 3.4%, while Wizz Air dropped 4.9%. Ryanair, Europe’s biggest airline, fell 3.3%. Rolls-Royce, which manufacturers

Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

British Airways, Iberia, Aer Lingus and Vueling, said last month it would make “some pricing adjustments to reflect these higher fuel costs”, although it stopped short of labelling the move as a surcharge. Meanwhile, [Virgin