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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.
15 Articles
15 Articles
The attacks on Iran mean higher oil prices, which is why prices are rising for several airlines.
Airline ticket prices expected to rise as oil prices increase, United Airlines CEO warns
U.S. crude oil prices have surged nearly 70% since January and jumped more than 35% in just the past five days, driven by the ongoing conflict in Iran, NBC News reports.The spike is already hitting consumers at the gas pump and aviation experts warn that jet fuel costs are expected to rise as well, signaling higher airfares ahead for travelers.Last week, United Airlines CEO Scott Kirby noted the spike in fuel prices, saying they will have a mean…
Amid US-Israel war on Iran, Gulf’s Egyptians cannot afford exit
Thousands of Egyptian migrant workers in Gulf countries are unable to return home in the wake of a decision by their country's national carrier, EgyptAir, to dramatically raise return ticket prices, soon after the US-Israeli war against Iran erupted. The Egyptian national carrier, critics claim, raised the prices of return tickets from Gulf countries over five-fold. "EgyptAir did [to Egyptians] what Israel couldn't do to Arabs," one angry expatr…
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