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The price of jet fuel has doubled since the Iran war began two weeks ago, as disruptions in vital shipping lanes limit the global trade of crude and refined oil. The airlines that run on it are racing to keep up. Jet fuel alone accounts for somewhere between 25 and 35 percent of airlines’ costs. The next stop is higher ticket prices.
It’s already happening, to some degree. Several airlines, including Air Asia and Hong Kong Airlines, have explicitly said they’re adding to their usual fuel…
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The price of jet fuel has doubled since the Iran war began two weeks ago, as disruptions in vital shipping lanes limit the global trade of crude and refined oil. The airlines that run on it are racing to keep up. Jet fuel alone accounts for somewhere between 25 and 35 percent of airlines’ costs. The next stop is higher ticket prices.
It’s already happening, to some degree. Several airlines, including Air Asia and Hong Kong Airlines, have explicitly said they’re adding to their usual fuel…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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