Global airlines are beginning to raise ticket prices as the escalating Middle East conflict drives a sharp surge in oil and jet fuel costs, placing renewed pressure on the international aviation industry.
Many airlines announced on Tuesday that it has increased fares across its network in response to soaring jet fuel prices, while warning that further price adjustments may follow if costs remain elevated. According to the airline, jet fuel prices have jumped dramatically in recent days to between $150 and $200 per barrel, compared with the $85 to $90 range prior to the outbreak of the conflict. The carrier also said it was suspending its financial outlook for 2026 due to the uncertainty created by the crisis.
The surge in fuel costs follows the widening war involving the United States, Israel and Iran, which has rattled global energy markets and triggered fears of a major disruption to international travel. In accordance with foreign news sources many airlines has increased fares on international routes services. The airline cautioned that if jet fuel prices remain high, it may need to further adjust ticket prices, flight schedules and network capacity. Besides, most other airlines are also feeling the strain. There are requests from the government to remove environmental taxes on jet fuel to help offset rising operating costs. Vietnamese authorities estimate that airline operating expenses have risen by 60% to 70% due to the spike in fuel prices.
Meanwhile airline shares, which fell sharply earlier in the week, showed signs of stabilising on Tuesday (10) after said the conflict could end soon, sending oil prices down to around $90 per barrel from Monday’s peak of $119. Industry analysts warn that sustained high fuel prices and airspace disruptions could significantly impact global travel, forcing airlines to reroute flights and prompting travelers to reconsider their plans.
Source : Daily News
