Fuel costs force British Airways to raise ticket prices
The CEO of British Airways has warned that airline ticket prices will rise again if costs remain Jet fuel is high.
Shaun Doyle, the company’s CEO, said: "No way" From the fact that "If fuel prices rise, ticket prices must also rise"
Since the start of the war with Iran last February, aviation fuel prices have risen significantly. Despite the ceasefire talks, The Strait of Hormuz, which supplies about 40% of Europe’s jet fuel, is closed.
After British Airways warned last month of the possibility of raising prices to combat rising fuel costs, especially business class ticket prices, Doyle told the newspaper "Financial Times" The company expects to raise prices further if fuel costs do not decrease.The price of a ton of jet fuel, which is usually more expensive than oil, is $1,710, an increase of more than 130% from its price of $742 last year.
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