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Airlines Hold Fares High as Jet Fuel Costs Retreat

London, 18 August 2026 — EBM Newsdesk Analysis —Nick Staunton Airlines are resisting pressure to reduce ticket prices despite a sharp retreat in jet fuel costs, as carriers attempt to protect margins after one of the aviation industry’s most volatile periods since the pandemic. The cost of jet fuel in northwest Europe has fallen to roughly $1,300 a tonne, having reached almost $1,900 during the conflict with Iran. Brent crude has also retreated …

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Although aviation fuel prices, which surged due to the war with Iran, are falling, airlines are hesitating to lower fares and are engaging in a game of wits. This is because if one airline lowers prices, it could escalate into price competition across the entire industry. According to the Financial Times (FT) on the 18th (local time), airfare prices remain high due to the impact of fuel surcharges raised since the outbreak of the war with Iran. …

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Now that aviation fuel prices are falling again, airlines are in a stalemate. Are they going to keep their ticket prices, which are linked to oil prices…

·Amsterdam, Netherlands (Kingdom of the)
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Airlines are immersed in a pulse to decide whether or not to reduce the price of tickets, now that the fuel costs for aircraft, which were fired...

·Madrid, Spain
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The worst peak for jet fuel has passed – but ticket prices remain at high levels. Now there is concern in the industry that a price war will break out and hit already thin margins, according to BCG analyst Rick Lewis. “Everyone hopes that no one blinks first,” he tells the Financial Times.

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NRC Handelsblad broke the news in Amsterdam, Netherlands (Kingdom of the) on Tuesday, August 18, 2026.
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