BUSINESS NEWS


Iata’s Lara Maughan warns: ‘Are we going to see enough jet fuel? It’s a critical issue. The longer the war goes on, the bigger the issues we’ll have. Some airlines are hedged, but all are exposed to the pricing’


Share price falls reflect fears over length of war


ANALYSIS: The impact of the Iran conflict on the price of oil and jet fuel is a threat not only to the travel industry but to the global economy, says Ian Taylor


A sharp decline in the share values of airline and travel groups reflects growing concern at the impact of the Gulf war on the price of oil and jet fuel. The oil price was back above


$100 a barrel on Tuesday, up from about $60 in late February, while the price of jet fuel has almost doubled since the war began. EasyJet’s share price was down 24% on Monday, British Airways owner


48 19 MARCH 2026


IAG was 23% down, Air France-KLM 33% and Jet2 17% down. Tui shares had fallen 17% and On the Beach 20%. Wizz Air has been hit by a wave


of short selling, where traders look to profit from a falling share price, after it issued a profit warning and main investor Indigo Partners sold a 10% stake. The airline warned the war would cost it €50 million this month, tipping it into an annual loss. There are also fears jet fuel


supplies could be hit. Iata area manager for the UK and Ireland Lara Maughan highlighted the flow of fuel as a “major concern” last week. Speaking at the Corporate Travel


Summit in London, she noted 25%-30% of jet fuel in Europe comes from the Gulf and said: “Are we going to see enough jet fuel? It’s a critical


Continued on page 46 travelweekly.co.uk


BUSINESSNEWS


PICTURE: Shutterstock/Karolis Kavolelis


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56