The surge in jet fuel prices has become a primary concern for the European travel industry, with Lufthansa finding itself at the centre of this crisis.
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According to Lufthansa’s latest earnings report, the airline expects an additional €1.7 billion ($2bn) fuel cost burden in 2026 as soaring jet fuel prices continue to weigh on the industry.
The need to avoid certain airspaces has led to longer flight times, which naturally increases consumption. These adjusted routes also require more staff hours and higher maintenance cycles, adding layers of complexity to an already strained global supply chain.
As reported by Euronews, global airlines have already cancelled approximately 13,000 flights this May, while Lufthansa alone has axed 20,000 short-haul flights through to October in a bid to cut fuel consumption.
This reduction in capacity is a direct response to the unsustainable cost of operating older, less fuel-efficient aircraft during price peaks.
While Lufthansa has managed to stay profitable, the jet fuel price spikes have forced the firm to advise passengers to book their holidays as early as possible to avoid further surcharges.
The company is currently investing heavily in its “fleet modernisation” programme to mitigate these risks in the long term, though the immediate impact of fuel volatility continues to weigh on the balance sheet.
Lufthansa remains committed to its financial targets, but the volatility of the global oil market remains the largest variable in its 2026 outlook.
“We are satisfied with the first quarter […] at the same time, the current situation compels us to rigorously examine every lever available to reduce costs, improve efficiency and mitigate risks in order to maintain our ability to act decisively. Our annual profit will likely be lower than originally anticipated,” CFO Till Streichert stated.
The Lufthansa Group has announced a landmark financial performance, revealing that it generated the highest revenue in its history in 2025. Revenue rose by 5% compared with the previous year to €39.6 billion.
According to the latest figures, the airline group also saw its operating profit grow by 20% compared with 2024, highlighting a robust recovery in passenger demand.
In the first quarter of 2026, year-on-year revenue climbed 8% despite challenges linked to the conflict involving Iran, including €1.7 billion in additional costs caused by volatile jet fuel prices and the suspension of dozens of routes.
The firm kept its capacity broadly stable with slight growth in long-haul traffic compensating for capacity reductions in short and medium-haul segments.
Lufthansa Technik and Lufthansa Cargo also significantly contributed to earnings with demand for maintenance, repair and overhaul services increasing, as well as through the marketing of ITA Airways’ cargo space.
Global demand for air travel remains high and continues to prove resilient even in times of crisis, as Lufthansa Group again expects a strong summer travel season.
“In the first quarter, we significantly improved on the previous year’s financial results […] but the ongoing crisis in the Middle East, combined with rising fuel costs and operational constraints, poses enormous challenges for the world as a whole, for global air travel and for our company as well,” CEO Carsten Spohr stated.
“However, we are resilient in our ability to absorb these impacts. This applies both to our above-average hedging against fuel price fluctuations and to our multi-hub, multi-airline strategy, which provides us with greater flexibility in our route network and fleet development,” Spohr added.
US budget carrier Spirit Airlines shuts down after talks for a government bailout failed, leaving 17,000 workers jobless and many passengers stranded. Rising fuel prices from the US-Israel war on Iran partially blamed for Spirit’s rapid decline.
A MAJOR airline has scrapped one of its routes from the UK due to rising fuel costs.
Lufthansa has announced that it is axing its route between Glasgow and Frankfurt, Germany, this winter as the Iran War continues to affect fuel prices.
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The German flag carrier has already stopped selling flights on the route, with the last direct flight between Glasgow and Frankfurt scheduled for May 31.
A Lufthansa Group spokesman told The Herald: “Following the decision to discontinue Lufthansa CityLine flights effective immediately and to reduce unprofitable flights in the future due to high kerosene prices, the Lufthansa Group’s summer schedule will be reduced by just under one percent of available seat-kilometers.
“To compensate for this, Lufthansa has taken immediate action and will consolidate the flight schedules of all Lufthansa Group airlines, cancelling 20,000 flights by the end of October.
“As a result of these decisions, flights to Glasgow will no longer be operated by Lufthansa via Frankfurt, but for the time being, by Edelweiss via Zurich offering access to the Swiss International Air Lines network.”
Flights between Glasgow and Frankfurt were first launched back in 2018 and currently there are 13 flights a week.
Lufthansa usually uses an Airbus A320 for this route, with between 168 and 180 seats.
As a result, this would mean the route carries as many as 2,340 passengers a week or 9,360 passengers over a month.
The airline previously announced that it plans to cancel more than 20,000 flights this summer as a result of rising fuel costs.
Most of the routes impacted will be short haul, with the airline also shutting down its subsidiary airline, CityLine.
PLANNING a holiday, staycation or day out should be exciting but eye-watering prices can turn it into a wallet-draining nightmare.
But you don’t have to pay full whack. From dirt-cheap flights to cut-price hotels and bargain days out, there are loads of easy ways to cut the costs.
There are loads of ways you can save on your holidays, flights, accommodation and days outCredit: GettyTravel reporter Cyann Fielding has found all the best websites to save you cash on your holiday.Credit: Cyann Fielding
Whether you’re chasing a last-minute break, a cheap stay or discounted tickets, here’s how to do it for less and keep more cash in your pocket.
Websites
Secret Flying
The Secret Flying website hunts out super-cheap deals and “error fares” – bargain flights caused by pricing glitches – and links you straight to booking sites like Skyscanner.
It’s free to use and lists offers by region, but you’ll need to be flexible on dates and destinations to bag the best ones.
The biggest bargains sell out fast, so it’s worth signing up for alerts to stay one step ahead.
Holiday Hypermarket
Holiday Hypermarket is owned by the TUI group and is the discount website for TUI holidays where they guarantee that you won’t find a TUI, Marella or Crystal holiday cheaper anywhere else.
With up to 70 per cent off brochure prices, they sell a lot of last minute breaks – but with the same TUI flights, hotels and transfers.
Luxury Escapes
A website that offers high end holidays at affordable prices is Luxury Escapes.
They negotiate directly with hotels to get good deals on holiday bundles, including flights, accommodation and extras like free cocktails, massages and childcare.
Hostelworld
If you’re looking for something cheap and cheerful and don’t mind bunking up with other people then Hostelworld is a useful tool.
It will help you to search for hostels in the destination you’re heading to and compare prices.
It can also find hostels with private rooms too if you don’t want to share.
Cashback sites
While it might not save youmoneyon you’re current holiday – it could save you some cash on the next one.
At Quidco you can get at as much as 3.75 per cent on an EasyJet holiday (which works out at as £11 back on a £300 trip)
Or there is hotels.com, which gives you seven per cent cashback (£14 if you book a hotel for two nights at £200).
Other brands include TUI, British Airways, Trainline and Skyscanner. so it is worth checking if you can claim anything before you book.
Apps
02 Priority
If your phone contract is with O2, then you really should download Priority.
In addition to entering competitions to win holidays, you can often get discounts on holiday packages, concerts, and events.
For example, you can get four tickets to Vue cinemas for £18 or two for £9.
Or save £220 when you spend £2,000 with lastminute.com.
MiXR.
The MiXR. app shows local pubs, clubs and bars where you can reserve a table and pre-book food or drink packages.
But it can also get you savings.
Each time you spend money on your linked card at a partnered bar or pub, you’ll get points.
Get to 5,000 points and you’ll have a £5 voucher (each £1 you spend you get 50 points).
There are also offers on the app including 25 per cent off Camden Hells beer.
Apps such as MiXR. and Dusk can save you on drinks outCredit: Getty
Dusk
Dusk dubs itself ‘the free drink app’ and it isn’t lying.
The app shows you which bars and pubs in your area have deals on and the exact route to get there.
If you scroll, you’ll find specific venues have a sticker on them offering a free drink.
For example, it could say ‘free espresso martinis on Monday at 3pm’, which means you can get that drink for free if you visit that specific venue at the given time.
Some of the venues are marked with yellow stars which means you can earn points too.
Once you’ve collected a number of points you can exchange for drinks.
For example, 200 points gets you a free bottle of prosecco at Be At One, 500 points can get you 50 per cent off at Karaoke Room and so on.
You can use Dusk in a number of cities across the UK including London, Manchester, Birmingham, Liverpool, Brighton, Leeds, Newcastle, Nottingham, Cambridge, Oxford, Cardiff, Sheffield, Bath, Exeter, Norwich, Bournemouth, Hull and York.
Eat Club
Having only launched in the UK last year, Eat Club is now available in London and Manchester.
The app shows you nearby restaurants that have spare tables, great for last-minute plans.
You can also get great discounts, such as up to 50 per cent off of your bill.
There are also some apps that will save you money on food, such as Too Good To Go and Eat ClubCredit: Getty
Too Good To Go
Too Good To Go is an app that prevents food waste by selling off items leftover at the end of the day.
The app is partnered with a number of brands including Greggs and Pizza Express.
If you jump onto the app and use the map function, you will find stores near you that have bags of food to sell for a few quid before the end of the day.
Having used the app numerous times, I usually pay around £3.50 for a bag that contains over £20 worth of food.
I have even used it in New York, when finding a budget lunch option seemed impossible.
Unidays
If you are a student or recent graduate, you should sign up to an account with Unidays.
It is free to joing, you’ll just need your student email and then you can make savings such as getting two Cineworld tickets for £13 and 30 per cent off Hilton hotel stays.
If you are a student, there are a couple of student apps where you can get discountsCredit: Getty
Student Beans
Similar to the above, Student Beans is a discount app for anyone studying. With a student email you can benefit from discounts such as 25 per cent off of National Express travel and 10 per cent off of Ryanair flights.
Cheapskate London
Cheapskate London is a free newsletter released each Monday that shares the best free and cheap things to do across the capital.
Previous free events include educational talks, family activity sessions at museums, and even building your own wormery.
Accor
If you subscribe to the Accornewsletter, you will typically get 10 per cent off hotel stays.
You’ll also get exclusive offers and personalised deals.
Nectar
If you shop at Sainsbury’s and don’t have a Nectar account then you’re really missing out.
When you do your weekly food shop, you’ll rack up points which you can then use on your holiday.
For example, you can spend your points on Eurostar journeys, British Airways flights and more.
Loyalty programmes such as Nectar allow you to build points to use against things such as flightsCredit: Getty
Avios
Avios are loyalty points that you can collect and use mainly with British Airways for flights, hotels and upgrades.
You can earn them by flying with British Airways or its partners, as long as you have an account.
If you build up enough points, you can purchase flights and pay only a small cash fee for admin such as tax and fees.
Marriott Bonvoy
Marriott Bonvoy’s hotel loyalty programme is free to join and covers around 10,000 destinations across the globe.
Members earn points with each stay and then the points can be redeemed on free nights at Marriott Bonvoy hotels.
Hilton Honors
Hilton Honors is free to join, and much like Marriott Bonvoy, is the hotel’s loyalty programme.
Members earn points on stays and everyday activities which can then be redeemed on free stays and experiences as well.
Members tend to get 10 points per £1 spent.
Hotel chains often have their own loyalty programmes that offer 10 per cent discountsCredit: Getty
Paid-for memberships
The Nudge
Costing just £5 per month The Nudge is an insider’s guide to London and often reports on the latest openings in the capital.
The discounts are easy to find on the app and include deals like 40 per cent off at Greek seafood restaurant Kimu in Marylebone or 50 per cent off food at The Culpeper in Spitalfields.
There are also discounts on events such as 50 per cent off of tickets to Burger Fest in Richmond and even pampering treatments like £50 off facials at Skinwork in Soho or 40 per cent off access to Lowlu open-air sauna in Kentish Town.
The Nudge will also run member events such as exclusive supper clubs.
Blue Light
If you work in the NHS or the emergency services, you probably already know about Blue Light.
Blue Light, which costs £4.99 for a two-year membership, gets you discounts at major brands, restaurants and entertainment venues as well as £100 off your TUI holiday or 15 per cent off Away Resorts.
You can even get a discount on airport parking, such as five per cent at London Gatwick.
Railcard
Railcards aren’t just for youngsters, there are all sorts of railcards you can get.
In general, they will get you a third off most rail fares and cost between £30 and £35 each year.
Different railcards include 16-25-year-olds, 26-30-year-olds, Senior (over 60 years old) and Disabled Persons.
There’s also a Family and Friends Railcard which gets adults a third off their rail fare and then 60 per cent off kids’ rail fares if they are aged between five and 15 years old.
And if you are heading off on a number of staycations, make sure you have a railcardCredit: Alamy
Trusted Housesitters
Accommodation costs can bump up the total cost of your holiday, but there is a way around this.
With Trusted Housesitters, you can head to someone’s home and stay there while they are away and all you need to do is look after their pet.
It operates in 180 countries and essentially is a win-win system as the person going away needs a pet sitter and you want somewhere to stay.
Members pay an annual fee to use the platform, which range from £99 to £199.
Dis-loyalty
Dis-loyalty is a travel and food membership that costs £12 a month to join.
In return, you’ll earn points and get discounts on hotel stays, such as 50 per cent off newly opened hotels.
You can also grab a free hot drink each day at one of the membership’s participating locations.
Days Out with the Kids
Days Out with the Kids is the perfect site if you are looking for inspiration during the weekends or school holidays.
The website is partnered with over 8,500 attractions across the UK, and offers members access to exclusive discounts.
The membership costs £4.99 per month, but according to the website, it saves families an average of £12.99 per trip.
Hols from £9.50
If you want to head to a holiday park in the UK or Europe, The Sun’s Hols from £9.50 has over 20 holiday parks to choose from.
To benefit from the £9.50 deal, you have to collect five codewords printed in the paper over a set period of time and enter them on the Sun Holidays website.
Alternatively, to avoid needing a passcode you can join Sun Club for £1.99.
For more offers on holidays travel companies have revealed the cheapest places to book – with week-long holidays from £189.
