LONDON — International Airlines Group, the parent company of British Airways, has warned that airfares could increase as a fuel crisis linked to the closure of the Strait of Hormuz pushes up oil prices.The company said on Friday that tensions in the Middle East were driving higher jet fuel costs, which may eventually be passed on to passengers despite measures to limit exposure through fuel hedging.IAG said it was “not immune” to the wider economic impact of the crisis, although it has not yet experienced direct disruptions to fuel supplies.The warning comes as oil tankers remain unable to transit the Strait of Hormuz, fueling concerns over potential shortages and broader pressure on global energy markets.The UK Government said it is closely monitoring national fuel stocks.In response, British authorities have temporarily eased airport slot rules, allowing airlines to cancel flights without losing valuable takeoff and landing rights if shortages emerge.Some carriers, including Jet2, said operations remain unaffected for now.However, aviation industry officials warned the crisis could trigger flight cancellations and higher ticket prices in the coming weeks if supply pressures continue.LONDON — International Airlines Group, the parent company of British Airways, has warned that airfares could increase as a fuel crisis linked to the closure of the Strait of Hormuz pushes up oil prices.The company said on Friday that tensions in the Middle East were driving higher jet fuel costs, which may eventually be passed on to passengers despite measures to limit exposure through fuel hedging.IAG said it was “not immune” to the wider economic impact of the crisis, although it has not yet experienced direct disruptions to fuel supplies.The warning comes as oil tankers remain unable to transit the Strait of Hormuz, fueling concerns over potential shortages and broader pressure on global energy markets.The UK Government said it is closely monitoring national fuel stocks.In response, British authorities have temporarily eased airport slot rules, allowing airlines to cancel flights without losing valuable takeoff and landing rights if shortages emerge.Some carriers, including Jet2, said operations remain unaffected for now.However, aviation industry officials warned the crisis could trigger flight cancellations and higher ticket prices in the coming weeks if supply pressures continue.
