Thursday, May 21Thursday, May 21The European Commission has clarified that airlines cannot retroactively add fuel surcharges to already sold tickets, even as fuel prices rise due to the Middle East crisis. While airlines may cancel flights without refunds in cases of proven jet fuel shortages, high fuel costs alone do not justify fare increases under EU rules . Despite these restrictions, British Airways (BA) plans to raise fares to offset a €2 billion increase in its annual fuel bill, attributed to the Iran war. Parent company IAG expects to recover 60% of the additional costs through higher ticket prices and cost management, with its fuel bill now projected at €9 billion, up from €7.1 billion .
EU gas and electricity prices for non-household consumers declined in the second half of 2025. Eurostat data shows gas prices fell by 8.3% and electricity prices by 3.5% during this period, though the Iran war continued to negatively impact energy costs for businesses . In Estonia, the Consumer Price Index (CPI) rose by 3.4% year-on-year in April, driven primarily by higher fuel, housing, and food costs .
Rising fuel costs are also affecting transportation in Yemen, where price hikes have led to increased fares, exacerbating financial hardship for passengers .
Airlines cannot add fuel surcharges after ticket sales, EU says As fuel prices soar amid the Middle East crisis, Brussels warns airlines they cannot retroactively hike ticket prices — and says costly kerosene alone is no excuse for dodging passenger compensation.
euronews · 12 days ago
EU says high fuel prices do not justify increases in airfares The European Commission published guidelines on the interpretation of EU rules on air travel. Flights may be cancelled without a refund if there is a shortage of jet fuel, but this must be proven
eunews.it · 13 days ago
EU gas and electricity costs for businesses and services fell in the second half of 2025 According to Eurostat data, in Italy, gas prices fell 9 per cent and electricity around 3 per cent. The European statistics office has once again confirmed the negative impact of the war in Iran on non-domestic energy bills
eunews.it · 13 days ago
British Airways fares to rise in attempt to offset £1.7bn fuel cost hit Owner IAG expects to recover 60 of additional fuel bill caused by Iran war through revenue and cost managementBusiness news – live updatesBritish Airways fares will rise to try to recoup most of a €2bn (£1.7bn) hit in fuel costs this year, its parent group has said, adding that the Iran war will dent profits.The International Airlines Group (IAG) said its annual fuel bill was now expected to be about €9bn, up from the forecast €7.1bn, as 70 of its supply was hedged, shielding it from the full impact of soaring jet fuel prices since the start of the conflict. Continue reading...
theguardian · 13 days ago
British Airways to raise business class prices after €2bn jet fuel hit IAG seeks to recoup about 60 of higher costs through savings and higher fares
financial times · 13 days ago
Yemen fuel price hikes deepen hardship as transport costs rise Rising fuel costs in Yemen force drivers to raise fares, as passengers struggle with worsening financial burdens.
aljazeera · 13 days ago
Non-household electricity prices in 2nd half of 2025: -3.5 In the second half of 2025, the average price of electricity for non-household consumers in the EU was €18.37 per 100 Kilowatt-hours (kWh), down from €19.03 in the first half of 2025 (-3.5). This article focuses on non-household consumers with an annual consumption between 500 Megawatt-hours (MW...
eurostat · 13 days ago
Non-household gas prices in 2nd half of 2025: - 8.3 In the second half of 2025, the average gas price for non-household consumers in the EU was €6.05 per 100 Kilowatt-hours (kWh), down from €6.60 in the first half of 2025 (-8.3), after 1 year of stabilised prices. This article focuses on non-household consumers with an annual consumption between ...
eurostat · 13 days ago
April consumer prices up 3.4 on year Estonias consumer price index (CPI) rose 3.4 percent on year in April, driven largely by higher fuel, housing and food costs, according to Statistics Estonia.
news.err · 13 days ago
British Airways owner IAG warns Iran war will add €2bn to jet fuel bill Company plans to recoup about 60 of higher costs through savings and raising ticket prices
financial times · 13 days ago
Round-the-clock renewables: New report says clean energy now challenges fossil fuels on price The cost of battery storage has dropped more than 90 per cent since 2010, bringing the cost of renewable energy down with it.
euronews · 13 days ago