Jet fuel price rise and Middle East war to cost airlines 19 billion eurosPhoto by liza sigareva on Pexels
Business

Jet fuel price rise and Middle East war to cost airlines 19 billion euros

Now28 August 2026 at 19:13

Global airlines are expected to lose 19 billion euros due to rising jet fuel prices and conflicts in the Middle East. This loss represents a significant financial impact for the aviation sector, which was already facing complex economic challenges.

The price of aviation fuel has been rising steadily, driven by several geopolitical and economic factors. The war in the Middle East has contributed to instability in oil markets, directly affecting the operational costs of airlines.

The projections indicate that total aviation fuel consumption in 2026 should remain unchanged compared to 2025, holding steady at 104 billion gallons. This stability in consumption volume contrasts with the increase in per-unit costs, further exacerbating the financial pressure on companies in the sector.

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