German airline giant Lufthansa said it expects its 2026 fuel costs to be two billion euros ($2.24 billion) higher than last year as the Iran war keeps global energy prices elevated, Reuters reports.

Releasing third quarter results, the group predicted its fuel bill across the full year will come in at 9.3 billion euros.

That is 600 million higher than it had anticipated just a few months ago, as the US war against Iran drags on.

The group, which also operates carriers including Swiss, Brussels and Eurowings, also slightly downgraded its forecast for core profit to a range of between 1.7 and 2.0 billion euros for 2026.

Previously it predicted a range of between 1.7 and 2.2 billion euros.