Airlines across Asia and Europe are raising ticket prices and adding fuel surcharges as sharp swings in global oil prices, triggered by the ongoing Iran war, are pushing operating costs higher.
With many carriers avoiding the Middle East due to security concerns, demand for longer alternative routes has surged, pushing ticket prices higher.
According to aviation analytics firm Cirium, more than 43,000 flights to and from the Middle East were cancelled between February 28 and March 10.
Several airlines have already announced fare hikes or additional surcharges to offset rising fuel costs, including AirAsia, Air India, Air New Zealand, Cathay Pacific, Finnair, SpiceJet, and Japan Airlines.
Other carriers that have announced fare increases or temporary fuel-related adjustments include Hong Kong Airlines, Qantas, Thai Airways, SAS Scandinavian Airlines, and Norse Atlantic Airways.
