Global jet fuel prices rose sharply, with northwest European prices reaching $1,377.50 per tonne on 11 August—around 9% higher than at the start of the month.
The increase reflects stronger crude prices, reduced Russian exports, Middle East supply uncertainty and shipping constraints on the Rhine River.
Although European inventories rose 6.3% during the week, they remain 37% below the previous year’s level.
Further refinery disruptions and logistical constraints could tighten supplies and increase airline operating costs beyond August.

TUI’s markets and airline division recorded a €17.4 million underlying EBIT loss for the quarter ended 30 June 2026, compared with a €49.7 million profit a year earlier.
Revenue fell 7.9% to €4.96 billion, while customer numbers declined 6.4% to 5.5 million amid softer demand, weaker pricing and geopolitical uncertainty.
TUI reduced summer capacity by 5%, with average load factors declining from 94% to 91%, although recent booking trends showed signs of recovery.
The group maintained its full-year underlying EBIT forecast of €1.1–€1.4 billion, supported by strong demand for destinations in Greece and Spain.

Jin Air will add one Airbus A321ceo, 10 A321neos and three Boeing 737-900s to its fleet.
Thirteen aircraft will be leased from Korean Air and one from Asiana Airlines.
Deliveries are expected to begin around 11 September 2026, with leases running until December 2035.
The expansion supports Korean Air’s planned consolidation of Jin Air, Air Seoul and Air Busan into a single low-cost carrier.