IAG trims 2026 growth as kerosene costs rise; British Airways downplays jet-fuel ‘crisis’ amid Iran-war risks
International Airlines Group (IAG) says sharp increases in kerosene prices will add roughly €2 billion to its 2026 fuel bill, prompting a cap on capacity growth to around 1%. While British Airways’ owner dismisses a jet-fuel crisis narrative, IAG reports €351 million profit over Q1 and notes IAG Cargo revenue and traffic declines tied to the Middle East conflict and currency effects.