Core Viewpoint - European airlines are pushing back against the EU's green agenda and regulations on sustainable jet fuel due to rising oil prices and supply issues amid the ongoing conflict in the Middle East [1][3]. Group 1: Industry Challenges - European airlines are expected to lobby for a rollback of mandates for synthetic sustainable jet fuel (eSAF) starting in 2030, citing high costs and lack of supply [2]. - The aviation sector is facing turmoil due to the Middle East conflict, with many flights canceled or rerouted and airspace over the Gulf largely closed [4]. - Jet fuel prices have surged, with European prices doubling and Asian prices increasing by nearly 80% since late February due to the conflict [5]. Group 2: Financial Implications - Air France-KLM and SAS have announced plans to increase ticket prices due to rising jet fuel costs, while Finnair has warned of potential fuel supply shortages [5]. - U.S. airlines, such as Delta, have also warned of higher ticket prices linked to fuel costs, as many have not hedged their fuel expenses [8]. - Despite the challenges, IATA projected that European airlines would be the most profitable globally this year, surpassing North American airlines [9]. Group 3: Strategic Responses - Ryanair's CEO indicated an expectation for increased bookings for travel within Europe, while British Airways is adding flights to destinations that avoid Middle Eastern airspace [10]. - The industry is continuing investments in fuel-saving technology, with a focus on efficiency amid the current crisis [6].