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Price Hikes, Outlook Cuts - What Airlines Are Doing as Fuel Costs Surge
Airlines including Air New Zealand and Qantas raise fares up to $90 on long-haul flights as jet fuel prices surge over 120%, disrupting global routes and schedules.
- On Mar 10, Australia's Qantas Airways and Air New Zealand said they are hiking fares due to the Middle East conflict, signalling broader ticket and network changes.
- With airspace and shipping disrupted, jet fuel prices jumped from $85-$90 to $150-$200 per barrel following the US-Israeli war on Iran and related conflicts.
- Air New Zealand raised fares by NZ$10, NZ$20 and NZ$90, and Hong Kong Airlines will lift fuel surcharges by up to 35.2% from Thursday.
- Travel agent Vincent George urged early bookings and warned domestic routes risk pricing out leisure passengers, while regional carrier Chathams Air said the war could add more than $1.6 million to its annual fuel bill.
- Industry data show fuel normally accounts for a fifth to a quarter of costs, while Emirates, Qatar Airways and Etihad carry about one-third of Europe–Asia and over half of Europe–Australia/New Zealand passengers, increasing capacity pressure.
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Total News Sources16
Leaning Left3Leaning Right3Center5Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 27%
C 46%
R 27%
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