JET FUEL PRICES SURGE NEARLY 83% IN A MONTH, PILING PRESSURE ON AIRLINES: IATA

JET FUEL PRICES SURGE NEARLY 83% IN A MONTH, PILING PRESSURE ON AIRLINES: IATA

Wed 18 March 2026: Global average jet fuel prices have surged 82.8% over the past month, sharply increasing cost pressures on airlines, according to the International Air Transport Association’s (IATA) latest fuel price monitor, Anadolu reports. IATA data showed jet fuel prices rose 11.2% week-on-week to $175 per barrel in the latest reporting period. The figures, published […]

Soaring Jet Fuel Costs Trigger Worldwide Airfare Jumps and Route Reductions

AeroNewsJournal London, March 18 - The global aviation industry is grappling with a sharp escalation in jet fuel prices, prompting widespread airline fare hikes and strategic route cuts to mitigate ballooning operational expenses. Jet fuel costs, which typically account for a significant portion of carriers' expenses, often up to a quarter or more on long-haul operations, have surged dramatically due to geopolitical tensions disrupting oil suppl…