US EditionWill the Price of Plane Tickets Go up Due to the War with Iran? Here’s What to Know
Nearly 50,000 flights canceled since Feb. 28 due to US and Israeli strikes on Iran, pushing crude oil prices above $100 a barrel and increasing airline fuel costs.
- On Thursday, crude oil prices surged above $100 following strikes by the United States and Israel on Iran, while Cirium reported nearly 50,000 flight cancellations since February 28.
- Jet fuel typically represents 20-30% of an airline's total expenses, and carriers have largely abandoned fuel hedging practices last year, increasing vulnerability to price volatility.
- Meanwhile, United Airlines CEO Scott Kirby warned fuel prices could have a "meaningful" impact on financial results, while Delta utilizes a Pennsylvania refinery to secure supply.
- Rising fuel costs threaten to push fares higher, particularly for summer travel, and the spike poses a renewed challenge to low-fare carrier Spirit Airlines after its recent bankruptcy.
- Adoption of sustainable aviation fuel increasingly is viewed as critical, with United's 2025 annual report stating it helps mitigate exposure to volatile fuel prices.
17 Articles
17 Articles
Area veterans share differing opinions on war with Iran
As the controversial war with Iran continues, military veterans in central Texas shared their reactions to the decision by the U.S. and Israel to launch an ongoing series of aerial attacks on the Middle East country between Iraq and Afghanistan.
The president of the National Association of Agricultural Professionals (ANPA), Tito Hernández, warned that the war with Iran and the growing tension in the Middle East endanger the food of Dominicans, due to the strong impact that the rise of fuels will have on the costs of agricultural production. Hernández explained that the increase of oil and diesel oil has a direct impact on agriculture, as it increases the cost of fertilizers, transportat…
As the war with Iran continues, oil prices increase, and airlines face higher fuel costs, which could lead to the purchase of aircraft tickets for...
The confrontation between Trump and Iran displaced the geopolitical debate towards the markets: the closure of the Strait of Ormuz and the reaction of investors redefined risks and political options Read more The war in Iran and its immediate impact on the price of oil in News.es.
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