Marvin OnumonuSebastien Marchon, CEO of Rydoo, said rising jet fuel costs are adding further pressure to business travel expenses, following warnings from Virgin Atlantic.
Marchon noted that as ongoing geopolitical tension, cancellations and delays continue, more employees are being stranded or forced to rebook travel at short notice.
This has led to costs escalating quickly.
Marchon said: “Rising fuel costs driven by ongoing geopolitical tensions don’t just impact the airlines, they create a ripple effect across everyday business expenses.
“From mileage claims to taxis and overall travel logistics, businesses are seeing in real-time the cost of travel steadily creeping up.
“Many companies still rely on fixed reimbursement rates, which can quickly become outdated in a volatile environment.”
Marchon added: “As energy prices shift, this creates a disconnect between real-world costs and what employees are reimbursed, potentially leaving some out of pocket.
“To ensure employee well-being, businesses need real-time visibility into spend and the flexibility to adjust policies as conditions change.
“Without that, it becomes much harder to control costs or support employees fairly, leaving organisations at risk of losing control over budgets and placing unnecessary financial strain on their employees in times where it matters most.”
