Lufthansa CEO Warns Jet Fuel Costs to Exceed €1.5B Forecast

Key Facts

1Lufthansa's CEO stated that the additional jet fuel bill will exceed the €1.5 billion previously forecasted in August.

2The cost increase is driven by the ongoing war in Iran and the resulting spike in global oil prices.

Lufthansa's CEO stated that the additional jet fuel bill will exceed the €1.5 billion previously forecasted in August. Reuters reported that the cost increase is driven by the ongoing war in Iran and the resulting spike in global oil prices.

The upward pressure on fuel expenses coincides with volatility in energy markets, as API Crude Oil Stock Change data showed an increase of 1.786 million barrels on September 22, 2026. Furthermore, the EIA Weekly Petroleum Report recorded a stock increase of 2.969 million barrels on September 23, 2026, highlighting the supply shocks currently impacting the aviation sector's operational costs.