Air France luxury push cushions Iran war impact

Air France reports resilient premium bookings as its luxury offerings help offset soaring fuel costs and disruptions from the Iran war. Chief Executive Ben Smith says wealthy travelers continue to embrace upgraded first-class cabins and higher ticket prices.

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Benjamin Smith, CEO of Air France-KLM, speaks during the World Airline Awards in London, Britain, September 18, 2026. REUTERS/Ben Makori

AIR FRANCE-KLM's luxury upgrade strategy delivered an 11% rise in premium revenue, helping offset surging fuel costs from the ongoing conflict in Iran. Chief Executive Ben Smith stated that bookings across business and first-class cabins remain solid on Friday afternoon. The carrier is capitalizing on global interest in France's culinary and hospitality sectors to attract affluent travelers.