In just the half year
Our fuel bill rose by 44% to €660m due to the increased level of activity and higher prices.
That is an extra 200 million euros for the summer. They will fly a lot less in the winter but still face a big hike in fuel costs.
They are also returning planes to leaser instead of selling the ones they own. This reduce the price they can get for the ones they own later.
It also is clear they will find it impossble to have +12% fares in the winter.