KLM / Air France will increase ticket prices in a context of rising fuel prices; The Lufthansa Group follows the market closely

Photo by Maksym Kaharlytskyi on Unsplash

From next Friday, KLM Royal Dutch Airlines will add a fuel surcharge on long-haul tickets due to the sharp rise in the price of oil. Sister company Air France will also pass on the additional cost to its passengers. During the last Brussels Airlines press, CEO Peter Gerber told Aviation24.be that the Lufthansa Group has hedged fuel contracts and that the airline group is following the market closely.

Depending on the destination and class of travel, KLM will add the fuel surcharge, a passenger in economy class for a flight between Amsterdam, Netherlands and New York, USA will have to pay an additional €40. A business class passenger €100.

During the last Brussels Airlines press, CEO Peter Gerber told Aviation24.be that the Lufthansa Group has hedged fuel contracts and that the airline group is following the market closely.

The main expenses that affect airlines are labor and fuel costs. While labor costs are largely fixed in the short term, fuel costs can fluctuate wildly. Companies are trying to return to profitability after the corona pandemic, the war Russia has unleashed in Ukraine is also putting pressure on the airline industry.

Statistic: Weekly average price of jet fuel from October 2016 to March 2022 (in US dollars per gallon) |  Statistical
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