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Air France-KLM SA (AFLYY) Q1 2026 Earnings Call Transcript
The French-Dutch carrier group said it expects the war in Iran to increase its fuel costs for 2026 by more than $2 billion compared with last year.
Analysts told CNBC that a jet fuel shortage is looming in Europe as the Middle East crisis becomes prolonged. This will result in "severe" flight cancellations in the summer after carriers have already reduced flight capacity for some routes.
End of Thursday marks the deadline set by the Portuguese government for submitting offers.
European airline chiefs are meeting in Brussels on Thursday under the cloud of war in the Middle East and rising oil prices, looking to push back against the EU's green agenda and what the industry says are cumbersome rules surrounding sustainable jet fuel.
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