By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Airlines increase airfares and cut thousands of flights as Iran war drives jet fuel price spikes
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Travel > Airlines increase airfares and cut thousands of flights as Iran war drives jet fuel price spikes
Travel

Airlines increase airfares and cut thousands of flights as Iran war drives jet fuel price spikes

By admin 5 Min Read
Share
SHARE

Travellers are facing rising airfare costs and reductions in flight schedules as the conflict in the Middle East causes oil prices to soar.

Contents
Which airlines are increasing fares?Thousands of flights scrapped

Experts predict ticket prices could remain elevated for months even if the war de-escalates.

Increased demand on flight routes that avoid Middle East and Gulf stopovers also means flyers are having to pay more.

Which airlines are increasing fares?

The US-Israel and Iran war has seen oil prices rocket due to attacks on refineries in the region and the impossibility of transporting oil through the Strait of Hormuz, which in turn is spiking jet fuel costs.

Cathay Pacific, AirAsia and Thai Airways are among a growing number of airlines increasing fares to offset the hikes.

During a media session on Wednesday, Ronald Lam, chief executive of Cathay Pacific, said the cost of fuel so far this month is double the average of the previous two months.

The carrier has updated fuel surcharges, which will affect all of its routes from 18 March.

AirAsia announced it would temporarily raise ticket prices and fuel surcharges on Thursday, promising to revise fares as market conditions changed.

Thai Airways officials told press they expect airfares to increase by 10% to 15%, while Qantas said it had lifted prices by differing amounts depending on the route.

Scandinavia’s SAS said it has introduced a “temporary price adjustment”.

Air New Zealand has upped prices. In an emailed response to Reuters, the carrier said it has raised one-way economy ​fares by NZ$10 (€5.10) on domestic routes, NZ$20 (€10.20) on short-haul services and NZ$90 (€45.90) on long-haul flights.

Other airlines with fuel hedging (which locks in specific prices for future consumption) in place have been able to secure part of their supply at fixed prices, including Lufthansa and Ryanair, according to Reuters.

Thousands of flights scrapped

SAS has said that it will cancel at least a thousand flights in April due to surging fuel prices.

“We are cancelling a few hundred flights in March, but trying to protect our traffic as much as possible,” CEO Anko van der Werff told Swedish business daily Dagens Industri, adding that more cancellations were expected after Easter, when traffic normally dips.

The measures will affect “at least a thousand” flights, though he stressed this remained limited in scale, given that SAS operates around 800 flights a day.

In response to the SAS update, rival carrier Norwegian is ramping up capacity across the region to absorb displaced passengers, adding 120 extra departures between 25 March and 12 April, NKR reports.

Air New Zealand has also said it is reducing its services by 5%. The airline has cancelled approximately 1,100 flights from 16 March to 3 May, which is likely to impact about 44,000 passengers.

Dozens of carriers have also extended flight suspensions to destinations in the Middle East.

Finnair has scrapped Doha and Dubai flights until 29 March and is not flying through the airspace of Iraq, Iran, Syria and Israel.

Italian airline ITA Airways has suspended flights to Tel Aviv until 9 April and extended Dubai cancellations until 28 March.

KLM services to Dubai are halted until 28 March, while flights to Tel Aviv are cancelled for the remainder of its winter season.

Lufthansa Group, which includes Lufthansa, Austrian Airlines, Swiss and Brussels Airlines, has scrapped flights to Tel Aviv through 9 April and Dubai through 28 March.

Wizz Air has halted flights to Israel until 29 March and suspended services to Dubai, Abu Dhabi, Amman and Jeddah from mainland European destinations until the middle of September.

Non-European carriers, including Delta, Cathay Pacific and Air Canada, have also made schedule changes.

These flight disruptions have pushed up fares as demand surges for alternative routes that bypass the Middle East.

Cathay Pacific recently made headlines for offering business class return trips from Sydney to London in April at A$39,577 (€24,142).

You Might Also Like

A new chocolate mega destination is coming to Switzerland – and 2030 can’t come soon enough

Spain’s Picos de Europa: What to see and do in ‘the world’s most beautiful place’

Game on in Sin City: How Las Vegas is betting big on sports tourism and major events

This UK ‘fish and chip train’ blends nostalgia, delicious treats and sunny seaside vibes

We travelled on European Sleeper’s first Paris to Berlin night train. This is what it was like

TAGGED: Travel, Travel News
Share This Article
Facebook Twitter Copy Link
Previous Article New Bill to Counter Forced Organ Harvesting Could Help Free China, Says ‘Killed to Order’ Author
Next Article Publisher Accused Of Leaking Subnautica 2 Release Date To Spite Co-Founders
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

Oracle cutting thousands of jobs in round of layoffs – CNBC
Tech News
India may face credit stress if Gulf conflict drags on: Moody's
Business
Execution risk in crypto is the new custody risk
Crypto
Ukraine signs 10-year defence deal with arms producer Bulgaria, Zelenskyy says
World News
Is XRP The Solution To Everything? Ripple President Drops Bombshell That Changes Everything
Crypto
Aiper IrriSense 2 Smart Irrigation System Review: Clever Yet Uneven
Tech News
Wilder beats Chisora as Londoner heads for retirement
Sports

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

Brussels unveils plans for a European Degree but struggles to explain why

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
Trump evokes more anger and fear from Democrats than Biden does from Republicans, AP-NORC poll shows
March 28, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?