Originally Posted by
Lemonwings
A bit of math to get a sense of what is happening:
Fuel costs make up 20% of AFKL operating expenses. At short term, 70% of those 20% have been hedged (=14%), so 6% of operating expenses are affected by fuel variations.
As per IATA, the jet fuel price rose by 50% in one week, so the airline's costs face an immediate increase of 3%.
For a 1000€ ticket (excl. taxes), that means a 30€ increase. That's what the new 50€ mark-up can be compared to.
Another more simplistic calculation is that an A350 costs ~ $75,000 USD more to fill up this month than 2 months ago. 3/10ths of this is not hedged so $22,500. Divide that by 300 passengers and the increase would be $75 or €65 each.
Average out my guesstimate and your calculation and we're not far from the €50 implemented.