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Cheap flights may be a thing of the past as rising fuel prices tip airlines into another crisis

Summary by Financial Post
Helen Martin had just booked a dream honeymoon for clients of her travel agency: Singapore for several nights and on to Langkawi in Malaysia, scheduled for early 2027. Then the Iran war began.

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The war in Iran has led to a rapid increase in jet fuel prices and an increase in air ticket prices, which could destroy the booming global tourism market, writes The Financial Times. The trend of previous decades has meant that air travel is no longer the prerogative of the richest and has become so commonplace that most Westerners now plan at least one flight a year. Ryanair, a low-cost European airline, bragged that anyone could fly across th…

·Kyiv, Ukraine
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Financial Post broke the news in Canada on Wednesday, May 13, 2026.
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