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  "path": "/money/british-airways-warns-of-higher-airfares",
  "publishedAt": "2026-04-25T06:40:24.000Z",
  "site": "https://www.gbnews.com",
  "tags": [
    "Historic British school shuts down as new Chinese owner denies 'asset-stripping' allegations",
    "Britain's leading Jewish school saved after raising £12m to fight Rachel Reeves's VAT raids",
    "Pension delays leave thousands of retirees missing out on £10,000 payments",
    "The GB News Editorial Charter"
  ],
  "textContent": "\n\n\nThe parent company of British Airways has warned passengers to expect higher airfares as rising jet fuel costs place pressure on the aviation industry.\n\nInternational Airlines Group (IAG) issued the warning on Friday, pointing to the closure of the Strait of Hormuz during the ongoing Iran conflict as a key factor driving oil prices higher.\n\n###\n\n\n\n\nThe airline group said that despite using hedging strategies, which involve purchasing fuel in advance at fixed rates to limit exposure to market volatility, it remains exposed to wider geopolitical developments.\n\nIAG said it was \"not immune\" to the broader consequences of instability in the Middle East.\n\n###\n\n\n\n\nTRENDING\n\nStories\n\nVideos\n\nYour Say\n\n###\n\n\n\n\nOil tankers continue to face disruption along the critical shipping route, contributing to a sharp increase in crude prices.\n\nAuthorities are monitoring the UK’s fuel reserves as airlines prepare for the possibility of supply constraints.\n\nThe Department for Transport has taken steps to reduce operational pressure on airlines by adjusting slot allocation rules at British airports.\n\nUnder normal conditions, airlines are required to use at least 80 per cent of their allocated take-off and landing slots during a season in order to retain them for the following year.\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nThe Department for Transport confirmed that this \"use it or lose it\" rule will not apply in cases where fuel shortages prevent airlines from operating scheduled flights.\n\nAirport Coordination Limited, which oversees slot distribution at UK airports, has updated its guidance in response to the situation.\n\nAirlines are now able to apply for exemptions from standard slot usage requirements if fuel supply issues affect their operations.\n\nJet2 has moved to reassure passengers, stating that its services are expected to continue as scheduled.\n\n### LATEST DEVELOPMENTS:\n\n\n\n\n  * Historic British school shuts down as new Chinese owner denies 'asset-stripping' allegations\n  * Britain's leading Jewish school saved after raising £12m to fight Rachel Reeves's VAT raids\n  * Pension delays leave thousands of retirees missing out on £10,000 payments\n\n\n\n###\n\n\n\n\n###\n\n\n\n\n###\n\n\n\n\nA spokesman for the airline said flight operations remain unaffected in the near term.\n\nThey said: \"We remain in continual dialogue with our fuel suppliers, as is standard practice.\n\n\"Based on the conversations we have been having, we see no reason not to look forward to operating our scheduled programme of flights and holidays as normal.\"\n\nVirgin Atlantic and easyJet are also understood to be planning to operate as normal despite ongoing uncertainty in global fuel markets.\n\n###\n\n\n\n\n###\n\n\n\n\nThe European Union’s energy commissioner has suggested there may be wider impacts for travellers across Europe.\n\nDan Jorgensen told Sky News it is \"very likely that many people's holidays will be affected, either by flight cancellations or very, very expensive tickets\".\n\nHis comments reflect concerns about the potential knock-on effects of rising fuel costs and supply disruption.\n\nIAG has stated that it is not currently experiencing any interruption to its jet fuel supplies.\n\nThe group indicated that while higher costs may affect pricing, there has been no immediate impact on flight operations.\n\n###\n\n\n\n\n\n\n\n\n\n\n**Our Standards: The GB News Editorial Charter**",
  "title": "British Airways warns of higher airfares as jet fuel prices surge amid Strait of Hormuz disruption"
}