European flight prices fall short-term as airlines use pre-war fuel hedges

17 articles · Updated · BBC.com · Apr 27

Wizz Air CEO József Váradi says airlines are lowering fares to counter customer hesitancy amid the US-Israel-Iran conflict, despite jet fuel prices rising to around $1,500 per metric tonne.
Many European airlines can cut prices temporarily because they secured fuel at pre-war rates, but Spain's tourism minister warns fares may rise as current supplies run out and Gulf imports remain blocked.
The closure of the Strait of Hormuz has disrupted jet fuel supplies, raising fears of summer flight cancellations, though industry leaders believe widespread shortages are unlikely and protections for travelers remain strong.

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