IAG: British Airways owner plays down jet fuel shortage concerns
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British Airways owner IAG has downplayed concerns over a jet fuel shortage amid ongoing Middle East conflicts but warned of lower earnings due to rising kerosene prices. Despite a 77% profit increase in Q1 2026, IAG's CEO Luis Gallego stated that while fuel availability is not an issue, higher prices will impact full-year profits. The airline has raised ticket prices to offset increased fuel costs, maintaining confidence in its business model and resilience.
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