Surge in jet fuel prices could push up air fares, analysts warn
Disruption to supplies from the Gulf, in the wake of the US and Israeli air strikes on Iran, has pushed the cost of aviation kerosene up by more than 80%. Kenya breaking news | Kenya news today |..
✨ Key Highlights
A significant surge in jet fuel prices, driven by disruptions in the Gulf following air strikes on Iran, is poised to increase air travel costs and potentially lead to flight cancellations.
- Jet fuel costs have risen by over 80%, with prices spiking to more than $1,500 per tonne, the highest since 2022.
- Analysts, including United Airlines chief executive Scott Kirby, warn of immediate impacts on ticket prices and airline profits.
- While some airlines like EasyJet and Ryanair are hedged against price increases, a prolonged disruption to the Strait of Hormuz could still affect even those with hedging strategies.
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Oil price at two-year high after Qatar warns all Gulf production could stop within days - March 2026
Oil prices have surged to a two-year high following warnings from Qatar's energy minister that all Gulf oil and gas production could cease within days due to escalating regional conflict. This oil price surge has driven a significant increase in jet fuel prices, which analysts warn could push up air travel costs and potentially lead to flight cancellations. In response to these fuel supply disruptions, Kenya Airways has temporarily suspended its Nairobi–Dubai repatriation flight effective yesterday due to new security guidance from Dubai International Airport authorities.
