Airlines cut flights and hike fares as fuel prices surge
Airlines have reduced services and lifted ticket costs as the Iran war weighs on jet fuel costs.
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"There's a high sense of urgency to address higher fuel costs and reduce unprofitable flying."
— Ed Bastian , Executive
"jet fuel supplies could start to be disrupted in May if the conflict continued."
— Michael O’Leary , Executive
"I expect a 'meaningful' hit to the carrier's first-quarter results from the surging fuel prices."
— Scott Kirby , Executive
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Airlines have reduced services and lifted ticket costs as the Iran war weighs on jet fuel costs.
Air India and Air New Zealand announced they will cut flights and hike fares as jet fuel prices surge due to the US-Israeli war with Iran.
Air India and Air New Zealand announced they will cut flights and hike fares as jet fuel prices surge due to the US-Israeli war with Iran.
A surge in jet fuel prices—driven by disruption linked to the Iran conflict and the shutdown of the Strait of Hormuz—has pushed costs from US$742 to over US$1,710 per metric tonne, triggering widespread airline disruption and raising the risk of supply shortages.
Several airlines, including Air New Zealand, Qantas and Thai Airways, have raised fares amid a surge in jet fuel prices driven by the US-Israeli war on Iran.
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