Jet fuel prices are rising as oil spikes on Iran war. Airlines are already announcing fare increases or fuel surcharges [Fortune]
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Source: Fortune
Which airlines have announced price hikes? So far, most fare increases and fuel surcharges are coming from airlines based in the Asia-Pacific region, but experts expect more airlines — especially those without fuel hedging — to follow if high jet fuel prices persist. Hong Kong's flag carrier, Cathay Pacific, said it would increase its fuel surcharge starting Wednesday. “The price of jet fuel has approximately doubled since March amid the latest developments in the Middle East,” the airline said in a statement Thursday. Other airlines with price increases or new surcharges include: — Air France-KLM said roundtrip economy fares on long-haul flights could rise by about 50 euros (about $57). — Air India introduced fuel surcharges Thursday on certain routes. After March 18, the carrier says the surcharge will increase by up to $50 for all tickets to Europe, North America and Australia. — Hong Kong Airlines increased fuel surcharges across several routes as of Thursday. — F
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