Airlines Confront Soaring Fuel Costs with Fare Increases and Dimmer Forecasts
The recent surge in jet fuel prices has caught the aviation industry off guard. With the ongoing US-Israeli war on Iran, fuel prices have skyrocketed from US$85-$90 per barrel to US$150-$200 per barrel. This sudden increase has caused airlines to raise fares and adjust their financial forecasts as fuel accounts for up to a quarter […]
