International airlines raise ticket prices to meet fuel costs
The sharp rise in jet fuel prices, resulting from the ongoing US-Israeli war on Iran, has caused turmoil in the Global Aviation, which prompted airlines to raise ticket prices and review their financial forecasts. Jet fuel has risen from $85-90 per barrel to $150-200 per barrel in recent days, in a sector where fuel accounts for up to a quarter of operating expenses. In the following lines, the most prominent companies that announced an increase in airline ticket prices:
Air New Zealand
Air New Zealand was one of the first companies on March 10 to announce large-scale increases in ticket prices. The increases in one-way economy class ticket prices were set at 10 New Zealand dollars (6 US dollars) on domestic flights, 20 New Zealand dollars on short-haul international flights, and 90 New Zealand dollars on long-haul flights. Range.
International Airlines (IAG)
International Airlines Group, which owns British Airways, announced on March 10 that it does not plan to raise ticket prices immediately, as it has secured a significant portion of its fuel supply for the short to medium term.
Scandinavian Airlines
The leading Nordic airline announced on March 10 that it has implemented a temporary price adjustment due to higher jet fuel prices.
Scandinavian Airlines
The leading Nordic airline announced on March 10 that it has implemented a temporary price adjustment due to higher jet fuel prices.
Hong Kong Airlines KONG
Hong Kong Airlines has announced that it will raise its fuel surcharge by up to 35.2% from 12 March, with the largest increase on flights between Hong Kong, the Maldives, Bangladesh and Nepal, where the fee will rise to HK$384 (US$49) from HK$284.
Qantas Airways
Thai Airlines
The Thai airline said, on March 11, that it will raise ticket prices by between 10% and 15% to cover the rise in fuel costs.
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