Air France-KLM Sees $2.4 Billion Jump in Fuel Bill on Iran

Air France-KLM said it expects its fuel bill to increase by $2.4 billion this year due to the Middle East conflict, with the geopolitical uncertainty prompting the group to further rein in costs and trim its full-year capacity outlook.

The fuel bill for 2026 is expected to reach $9.3 billion, of which $1.1 billion will be booked in the current quarter, based on current hedges and forward projections for fuel prices, Air France-KLM said in a statement on Thursday.