Luxair is yet to pass on any increased fuel costs, driven by the United States-Israel war against Iran, onto its customers, a spokesperson for the national flag carrier said on Friday.
Europe’s major airlines, such as Ryanair and Lufthansa, warned on Thursday that they will have to pass on higher fuel costs to their passengers as the war in Iran escalates and oil tankers remain stranded in the Persian Gulf.
But Luxair said it is committed to doing everything it can to limit the impact of this on its customers.
“The airline is well-prepared for 2026 and does not anticipate any short-term impact from current developments in the fuel market,” the spokesperson said, although added that air travel will not get cheaper over the coming years.
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The spokesperson added that Luxair is “closely monitoring the recent increase in fuel prices and the general cost pressures facing the aviation industry”. The airline has also ruled out flight cancellations due to high fuel prices.
The protracted war is sparking concerns around fuel shortages as oil tankers are prevented from crossing the Strait of Hormuz. Fuel is one of the biggest expenses for airlines, and the jolt from Brent crude soaring past $118 (€102) a barrel forced some carriers to implement fuel surcharges and even cancel some flights.
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In response, flyers are rushing to buy tickets to lock in lower prices. US airlines were the first to note the surge in demand, saying they’re seeing some of their strongest booking business as premium leisure and business travelers secure seats in advance.
(This article was originally published in the Luxemburger Wort, translated using AI and edited by Kate Oglesby, with additional reporting from Bloomberg.)
