Aegean Airlines will raise ticket prices after a spike in fuel prices due to the Middle East conflict, company sources revealed on Thursday.

They added however that the pricing rise will be limited to around 7% and 8%.

The sources pointed out that jet fuel prices had more than doubled, from $800 per ton to $1,700/ton, a 110% increase.

As company officials noted, “Under normal circumstances (2025), the cost of fuel represents nearly 22% of our company’s total expenditures, comprising our largest operational cost.”

However, they added, through Aegean’s consistent strategic management of threat, the airline “has covered 60% of its monthly needs through pre-purchases. That means that our exposure is limited to 40%, allowing us to contain the cost rise for our passengers to relatively low levels, at around 7%-8%.”

Ticket pricing rises will not affect 3.6 million passengers who have already bought their tickets for the coming months, neither will tens of thousands of passengers who hold an Aegean Pass and have bought early-bird packages.

Travelers who wish to buy an Aegean Pass for a destination of their choice at pre-crisis levels will be able to do so for the next two weeks, they said.

The company, like several European companies, has suspended flights to the affected regions until the end of April, which include Erbil and Baghdad (Iraq), Tel Aviv (Israel), Beirut (Lebanon), Riyadh and Jeddah (Saudi Arabia), and Abu Dhabi and Dubai (UAE).