US-Iran war pushes fuel costs to 40% of LOT Polish Airlines' expenses

The US-Iran war has caused a sharp spike in jet fuel prices, hitting airlines hard. Polish Deputy Infrastructure Minister Piotr Malepszak said that fuel costs at LOT Polish Airlines have climbed from a typical below-25% share to as much as 40% of total operating expenses. The surge threatens the profitability of LOT and the wider aviation sector.