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Fri, 06 Mar 2026

Fri, 06 Mar 2026 Surge in jet fuel prices could push up air fares, analysts warn

Disruption to supplies from the Gulf due to the Middle East conflict has pushed the cost up by more than 80%.

* Jet fuel prices have surged by over 80% due to disruptions to supplies from the Gulf region.
* The cost of aviation kerosene has risen from $830 per tonne to over $1,500 per tonne, making it one of the highest prices seen since 2022.
* Airlines may be forced to cancel flights or increase ticket prices as a result of the price hike.
* Major airlines such as British Airways and EasyJet have hedged against rising fuel costs, but some US carriers may not have done so and could be affected by short-term price increases.
* Ratings agency Fitch says that airlines will likely be affected by higher fuel prices, with some potentially experiencing a "meaningful impact" on their financial results.
* An expert warns that physical shortages could lead to severe problems for airlines, even those that are hedged against rising fuel costs.
* The Strait of Hormuz must remain closed for a significant period of time for the problem to become severe, but if it reopens, prices could fall quickly.
* Experts predict that higher jet fuel prices will likely lead to pricier air fares over the summer holidays.