International Consolidated Airlines Group SA Heads Into Tougher Summer as Fuel Squeeze Deepens
IAG, owner of British Airways, faces rising fuel costs as U.S. crude for Europe hit a record $15 premium over Brent, driven by disrupted Middle East supplies. Jet fuel prices have outpaced crude, eroding IAG’s hedging protection ahead of the busy summer season. British Airways has extended flight suspensions to several Middle East destinations through May. IAG’s 2026 fuel bill has already climbed to €7.4 billion.