THE OWNER OF AER Lingus has said it is confident of maintaining its jet fuel supply this summer, following concerns in the industry of widespread flight cancellations.

There has been uncertainty around Aer Lingus flights this summer after it recently confirmed it was cutting around 2% of its summer schedule as part of savings, but its parent company IAG has now indicated that further cuts are looking unlikely.

The Irish airline also made a loss of €130 million for the quarter, according to the report.

In its latest quarterly report, the parent company said it has been “managing the uncertainty created by the fuel price increase”, taking action on important aspects such as costs and capacity.

Oil prices have soared since the start of the US-Iran war in late February, resulting in much higher jet fuel costs.

“We currently see no issues with fuel availability in our main markets, particularly as we benefit from our investment in fuel self-supply at our hubs,” IAG chief executive Luis Gallego said in the report.

While the company acknowledged that the impact of the higher fuel price will “inevitably lead to lower profit” this year, Gallego said it remains confident despite the war.

IAG, which is also the parent group of British Airways and Spanish carrier Iberia, added that the Middle East war will lower its annual profits despite a strong start to 2026.

“Whilst the first quarter was relatively unaffected by the Middle East conflict we expect it to have a more substantial impact throughout the rest of the year as the increase in the fuel cost starts to manifest itself,” IAG said in an earnings statement.

“As a result we expect our profit to be lower than originally anticipated at the beginning of the year.”

With reporting by AFP