IAG, which also owns Aer Lingus, expects its fuel costs to rise to around €9 billion this year, which chief executive Luis Gallego on Friday (8 May) said would be about €2 billion higher than last year. IAG is 70% hedged on fuel for the remainder of the year.
The group said price rather than availability of fuel would be the biggest issue. "Given the strength of our supply chain and inventory, in particular the self-supply arrangements we have invested in at our main hubs, based on what we know today we are confident of jet fuel supply in our main markets throughout the summer.
