Middle East tensions raise pressure on airline fares

Middle East tensions raise pressure on airline fares

High volatility in oil prices linked to tensions in the Middle East is increasing pressure on airline ticket prices as carriers face higher fuel costs

Ethiopian Airlines may raise fares if conflict persists

Ethiopian Airlines said it may raise fares if the Middle East conflict persists. Chief commercial officer of Ethiopian Airlines, Lemma Yadecha Gudeta, said the Middle East conflict was driving jet fuel costs sharply higher and disrupting key air routes, obliging the airline to consider fare adjustments. The increase will not be implemented this month, but “if the conflict persists, as indicators show fuel prices rising by 16% to 17%, increases o…