Sir Richard Branson, founder of the Virgin Group, has blamed the recent spike in flight prices on “foolish leaders” starting wars, a pointed reference to the US‑Israel conflict with Iran. The Middle East tensions have disrupted oil production and transport, driving jet fuel prices up and forcing airlines to add fuel surcharges to tickets.
In May, Virgin Atlantic introduced a fuel surcharge after the European benchmark price for jet fuel leapt from around $800 a tonne to a peak of over $1,800 in April before settling near $1,450. Chief Executive Corneel Koster told the BBC that the surcharge—£50 for economy, £180 for premium and £360 for business—was “absolutely required” given the current fuel cost.
Branson said the Iran conflict was “completely unnecessary” and that the nuclear deal negotiated under President Obama had been working. He added that the war has led to higher oil prices worldwide and that inflation is one of its consequences. The airline’s rivals have also raised fares or cut flights in response to the conflict.
Analysis by consultancy firm Teneo found the war had pushed air fares up by 25%. Ryanair warned that European short‑haul fares could rise materially if jet fuel prices keep climbing until next summer. Despite the cost pressures, Virgin plans to operate 95% of its regular winter schedule, with only minor capacity adjustments on low‑demand routes.
Branson made the comments to the BBC as Virgin Atlantic secured a contract to fly Team GB and ParalympicsGB to Los Angeles for the 2028 Summer Olympics, taking the role from rival British Airways.
