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Air France-KLM to raise long-haul ticket prices as jet fuel costs spike

Published by Global Banking & Finance Review

Posted on March 12, 2026

1 min read

· Last updated: April 1, 2026

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Air France-KLM to raise long-haul ticket prices as jet fuel costs spike
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LONDON/AMSTERDAM, March 12 (Reuters) - Air France-KLM said on Thursday it will have to increase the price of long-haul tickets due to rising jet fuel costs. It joins a number of other carriers,

Air France-KLM Raises Long-Haul Ticket Prices Due to Rising Jet Fuel Costs

Air France-KLM Announces Ticket Price Increases

Background on Rising Jet Fuel Costs

LONDON/AMSTERDAM, March 12 (Reuters) - Air France-KLM said on Thursday it will have to increase the price of long-haul tickets due to rising jet fuel costs.

Industry-Wide Impact

It joins a number of other carriers, including SAS and Qantas, who have warned about a hike in prices due to the recent spike in the price of jet fuel after oil prices were driven higher by the U.S.-Iran war. 

Details of the Fare Increase

A spokesperson for the airline group said economy cabin fares would increase by 50 euros ($57.63) per round trip. 

Exchange Rate Information

($1 = 0.8677 euros)

(Reporting by Toby Sterling and Joanna Plucinska; Editing by Tomasz Janowski and Jan Harvey)

Key Takeaways

  • Jet fuel prices have more than doubled—from roughly $85–90 to $150–200 per barrel—following the U.S.–Iran conflict, significantly raising airline operating expenses.
  • Air France‑KLM’s fare hike mirrors moves by Qantas, SAS, Air New Zealand and others, which are raising fares or fuel surcharges to offset rising fuel costs.
  • Fuel typically represents 20–30% of operating expenses for airlines; the current surge could raise global fuel outlays beyond $100 billion, prompting widespread fare increases and financial uncertainty.

References

Frequently Asked Questions

Why is Air France-KLM increasing ticket prices?
Air France-KLM is raising ticket prices for long-haul flights due to a spike in jet fuel costs caused by higher oil prices.
How much will Air France-KLM's long-haul tickets increase?
Economy cabin fares for long-haul flights will increase by 50 euros ($57.63) per round trip.
What has caused the recent rise in jet fuel prices?
The recent spike in jet fuel prices was driven by higher oil prices following the U.S.-Iran war.
Are other airlines also increasing fares?
Yes, other carriers such as SAS and Qantas have also warned about a hike in ticket prices due to rising jet fuel costs.

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