Surge in jet fuel prices could push up air fares, analysts warn

"higher fuel costs would have a 'meaningful impact' on the carrier's next set of financial results."

— Scott Kirby , Executive

"It won't affect our costs and it won't affect our low fares."

— Michael O'Leary , Executive

"I think we're weeks away from maybe flight cancellations or delays due to lack of jet fuel, rather than months."

— James Noel-Beswick , Academic

"They'll increase the prices across the different categories, including basic economy, standard economy, and the premium cabins like business and first class."

— Henry Harteveldt , Executive

"Travelers could see fares rise by $3 to $10, with adjustments made multiple times throughout the day."

— Henry Harteveldt , Executive

"Higher fuel costs would have a meaningful impact on the carrier’s next set of financial results."

— Scott Kirby , Executive

"It won’t affect our costs and it won’t affect our low fares."

— Michael O’Leary , Executive

"Even airlines that will have hedged… will normally have hedged their supply or have long-term contracts from Asia."

— James Noel-Beswick , Academic

"Any fuel that was not hedged was at risk of costing much more."

— Amaar Khan , Other

"I am not saying profits will be good, but they’ll stem losses."

— George Ferguson , Executive

"Absent near-term relief, airlines around the world could be forced to ground thousands of aircraft."

— Michael Linenberg , Executive

"They'll increase the prices across the different categories, including basic economy, standard economy, and the premium cabins like business and first class."

— Henry Harteveldt , Executive