Airlines across the globe have been cancelling flights as they grapple with a severe jet‑fuel crunch marked by soaring prices and tight supply. In just a short time frame since the war inIranbegan, fuel costs have skyrocketed - jumping from roughly $85–$90 per barrel to as high as $120.
With fuel suddenlyfar more expensiveand harder to secure, many carriers have been forced to scale back routes, park aircraft, and introduce surcharges to offset the financial pressure. Fatih Birol, the head of the International Energy Agency, said that the flight cancellations will begin “soon” if the Strait of Hormuz remains closed amid the Iran war, potentially plungingsummer holidaysinto chaos.
Read more:KLM issues message to all passengers with holidays booked from May
Read more:Easyjet issues 3-week fuel shortage countdown
Aegean Airlines -The Greek airlines believes that the suspended Middle East flights and a spike in fuel prices may have a "notable impact" on its first-quarter results.
AirAsia X -The airline’s executives said they have reduced the number of flights across the group by 10% and introduced a general fuel surcharge of about 20%.
Air France-KLM -According to the airlines, it is planning to raise the long-haul ticket prices amid the rising fuel costs, with the prices likely to rise by 50 euros ($58) per round trip.
Air India -The airline services may revise its fuel surcharge from a flat domestic surcharge to a distance-based grid, reportsIndependent.
Air New Zealand -On April 7, the airline announced that it would cut back flights throughout May and June and raise ticket prices, noting it had been among the first carriers to introduce widespread fare increases when the conflict began.
American Airlines -The US airline said it will raise checked‑bag fees, adding $10 (£7.3) more for the first and second bags and $150 (£110)more for a third checked bag on domestic and short‑haul international flights.
Source: Daily Express :: World Feed
