Airlines cut flights and hike fares as fuel prices surge
Many airlines around the world have had to take emergency measures to counter the rising cost of fuel, which typically makes up 20-40% of their operating costs. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Airlines worldwide are implementing emergency measures, including cutting flights and increasing fares, in response to a surge in jet fuel prices stemming from the US-Israeli conflict with Iran.
- European jet fuel prices hit an all-time high of $1,838 per tonne, more than double the pre-war price.
- Airlines like Air India and Air New Zealand are reducing services and adjusting surcharges.
- Analysts warn of further ticket price hikes and flight cancellations, particularly as Middle Eastern oil supplies, crucial for aviation fuel, are disrupted.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Oil Plunges After US-Iran Ceasefire Deal to Reopen Strait of Hormuz - April 2026
Global oil prices have plunged following a conditional two-week ceasefire agreement between the United States and Iran, which includes the reopening of the vital Strait of Hormuz. Drivers in parts of Baringo County are experiencing a diesel shortage, with reports linking the supply chain disruptions to ongoing tensions in the Middle East. Airlines worldwide are implementing emergency measures, including cutting flights and increasing fares, in response to a surge in jet fuel prices stemming from the US-Israeli conflict with Iran.
