Story perspectives

Fuel Spike Pushes Travelers to Trains, Hits Airlines $2B

5/12/2026

Summary

Story summary

Greg Abbott, an Australian head, limits his holiday to short-haul trips and train travel because of soaring fuel prices and the Iran conflict.
Air France-KLM and Lufthansa each expect fuel-bill rises of about $2 billion, warning earnings may suffer.
Tour operators see a 10% booking drop for March-April, with Spain, Greece and Portugal attracting stronger demand as safe-havens.
Eurostar ticket sales rise 25% as British travelers favor train journeys in France.

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Story summary

Greg Abbott, an Australian head, limits his holiday to short-haul trips and train travel because of soaring fuel prices and the Iran conflict.
Air France-KLM and Lufthansa each expect fuel-bill rises of about $2 billion, warning earnings may suffer.
Tour operators see a 10% booking drop for March-April, with Spain, Greece and Portugal attracting stronger demand as safe-havens.
Eurostar ticket sales rise 25% as British travelers favor train journeys in France.