Tourists travelling to some of the most popular holiday destinations in Spain have been handed an update on prices
Travellers look at flight information screens at Palma de Mallorca Airport in Palma, Spain – file image from 2025(Image: Getty)
Travel officials in Spain have warned that airline ticket prices are set to rocket this summer. The warning comes as the Iran conflict places severe strain on the supply of jet fuel to airlines across the globe.
The mounting pressures have already prompted some airlines to scale back their planned flight schedules, with knock-on effects already being felt on ticket prices. And bosses say there are further headaches ahead for holidaymakers at some of the most popular Brit tourist spots as the peak travel season approaches – with around 18 million Brits heading to Spain every year.
The latest alert was issued by travel agents in Spain. The Balearic Islands Travel Agencies Association (AVIBA) has warned those heading to popular destinations such as the 3 key tourist spots of Mallorca, Menorca and Ibiza to brace themselves for steeper ticket prices – even as it confirmed flights to the region are not expected to be reduced.
According to reports in the Spanish media, AVIBA president Pedro Fiol cautioned that ticket prices will inevitably rise sharply due to the financial pressures stemming from the conflict. He warned that the war is likely to produce a summer “with a context of greater tension and rising costs that will be gradually passed on to ticket prices”, Spanish website Ultima Hora reports.
Despite this, he maintained that the profitability of routes to the Balearic Islands makes it unlikely that flights to the area will be axed. He did, however, flag that this could become a possibility outside of peak season.
AVIBA note that airlines are currently maintaining “a certain restraint” in airfares. But the president warned that the scarcity and increased cost of fuel driven by the Iran conflict will undoubtedly result in higher airfare prices. The Airline Association (ALA) has issued a similar forecast.
Lufthansa yesterday confirmed the axing of some 20,000 flights through October as part of its operational shake-up. The carrier explained that these reductions relate to unprofitable bases, though none of these are located in Spain. The strategy is to refocus resources on the most lucrative routes.
Mr Fiol said: “We don’t foresee a summer with planes grounded due to a lack of fuel, but we do anticipate a more complex and price-driven environment.” Meanwhile, Spanish website INB3N reports that Mr Fiol also cautioned there was a danger that additional flights could be compelled to make stops so aircraft can refuel mid-journey.
This week, TUI revealed the Iran war set it back around 40 million euros (£34.8 million) last month after it was obliged to bring home thousands of holidaymakers and staff. Europe’s biggest travel operator slashed its profit forecast and suspended revenue guidance as a consequence, causing its shares to fall.
The firm is amongst travel companies to have been substantially disrupted by the conflict in the Middle East, which erupted at the end of February. It is also amongst airline operators to face strain from a spike in jet fuel prices after the conflict drove up the cost of oil.
And holidaymakers should have “no worries” about flights being cancelled this summer, despite airlines confronting a “triple whammy” as a consequence of the conflict in the Gulf, a former industry boss has maintained.
Tim Jeans, a former commercial director at Ryanair who was later managing director of Monarch Air, said that while there “may be some trimming of schedules” by airlines, he did not expect carriers to scrap routes entirely.
His remarks follow stark warnings from the trade body representing European airports, which cautioned that a “systemic” jet fuel shortage could emerge ahead of the peak summer season if the Strait of Hormuz fails to reopen in the coming weeks.
Airports Council International, which represents more than 600 airports, recently wrote to European commissioners for energy, transport and tourism, warning that if the vital strait does not reopen in a “significant and stable way within the next three weeks” then “systemic jet fuel shortage is set to become a reality for the EU”.
Director-general Olivier Jankovec said: “The fact that we are entering the peak summer season… is only adding to those concerns.” However, Mr Jeans insisted: “I don’t see a situation where flights will get cancelled because of the non-availability of fuel.”
He acknowledged that there was a “triple whammy for airlines at the moment”, pointing to “the issues in the Middle East which has caused a massive spike in the cost of fuel”.
Speaking on BBC Radio Scotland’s Breakfast programme, Mr Jeans added: “That in turn is pushing up ticket prices, and the uncertainty around whether it is going to be possible to travel, plus the increase in prices is reducing demand.
“And so you have a situation where airlines are looking at their bookings for the next three months ahead and saying ‘should we fly that flight, is it going to be profitable?'”
