European airlines warn of higher fares as fuel hedges unwind

BRUSSELS, March ​19 (Reuters) - ⁠Major European ​airlines warned of rising fares ​if ‌the surge in ⁠fuel prices stemming ⁠from the Iran ​conflict persists for months and urged passengers ​to book ‌early to avoid extra costs as the industry's ​fuel hedging strategies start ‌to unwind.

Lufthansa Group CEO Carsten Spohr, ‌speaking alongside other airline leaders in Brussels, said ​it had added 40 flights to ‌Asia to compensate for disruption to ⁠Gulf ⁠carriers but demand ‌could be affected by higher ​fuel ​charges ‌and fares. (Reporting by Joanna Plucinska, Tim Hepher and Louise Heavens)

Ryanair

easyJet

International Airlines

Air France -klm