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Airlines Hike Ticket Prices as Iran War Propels Fuel Costs
Fuel surcharges increased up to 35% on key Asia-Europe and Australasia routes due to soaring jet fuel prices amid Iran-US-Israel conflict, airlines said.
- On Tuesday, Qantas Airways, SAS and Air New Zealand announced airfare hikes, blaming abrupt fuel-cost rises tied to the Middle East conflict.
- The US-Israeli war on Iran pushed jet fuel prices from about $85 t to between $150 and $200 in recent days, and disrupted shipping via key oil export routes.
- Hong Kong Airlines said it would raise fuel surcharges by up to 35.2 per cent from Thursday, with charges jumping to HK$384 from HK$284 on some routes.
- Thousands of Egyptian migrant workers face barriers returning home amid a dispute over EgyptAir's reported fare hikes, with Abdel Nasser saying, 'Such a decision has shocked Egyptians who want to return home.'
- Airline stocks were hammered on Monday as oil prices surged, then showed signs of stabilizing on Tuesday, while Deutsche analysts warned of potential mass groundings without relief and Finnair hedged over 80% of first-quarter fuel.
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48 Articles
48 Articles
Interrupted flight routes and high kerosene prices as a result of the war in the Middle East speed up air fares. Memories of the pandemic are awakened.
Are you shopping for plane tickets? The price probably already includes an overload, graceful of the war in Iran, which has caused a surge in oil prices. The tremor is probably not yet strong enough to discourage travellers, but their mood may change if the conflict continues.
·Montreal, Canada
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Cost pressures are the result of the spillover effects of the war in Iran.
·Montreal, Canada
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The Toronto Star+5 Reposted by 5 other sources
Airfares starting to rise as Iran war pushes jet fuel prices higher
MONTREAL - Airlines across the globe are starting to hike fares and fuel surcharges in response to a surge in oil prices sparked by the war in Iran, and Canada
·Toronto, Canada
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Coverage Details
Total News Sources48
Leaning Left12Leaning Right8Center12Last UpdatedBias Distribution38% Left, 37% Center
Bias Distribution
- 38% of the sources lean Left, 37% of the sources are Center
38% Left
L 38%
C 37%
R 25%
Factuality
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