Price hikes, outlook cuts: What airlines are doing as fuel costs surge

A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks. Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an industry where fuel accounts for up to a quarter of operating expenses. […] The post Price hikes, outlook cuts: What airlines are doing as fuel costs surge appeared first on Interaksyon.