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Oil prices are surging amid the U.S.-Israel war against Iran — and they’re only expected to get worse.
Iran warned Wednesday that the world should prepare for oil to hit $200 a barrel if the war continues.
While Americans are already feeling the effects of the war at the pump, airlines across the world are being particularly hard hit, with jet fuel prices more than doubling since the conflict started in February. And with huge swaths of airspace over the Middle East closed, many airlines are having to take longer routes that require more gas to get to their destinations.
Bloomberg compiled a list of all the airlines that have announced they’re raising prices. Continue reading to see which ones raised their ticket prices.
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The Southeast Asian budget airline said it’s raising ticket prices and fuel surcharges, but didn’t get too specific. Air Asia said it plans to “dynamically monitor market conditions and react proactively as and when needed,” according to Bloomberg.
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Air India said its raising fuel surcharges for as high as $200 for long-haul flights, thanks to rising prices, according to Bloomberg. They go into effect March 12 and will be raised again on March 18.
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Air New Zealand announced price raises starting Tuesday, but didn’t get specific about how much more it will be charging, Bloomberg said.
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Hong-Kong-based Cathay Pacific said its fuel surcharges will go up, but also didn’t specify how much, Bloomberg said.
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Hong Kong Airlines is upping its fuel surcharges, particularly on long haul flights to Australia and North America, going up $19 to now be around $94, according to Bloomberg.
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Fares on Australia’s main airline will increase around 5% due to jet fuel price increases, Bloomberg said.
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Thai Airways said it will raise fares between 10%-15% thanks to the rising jet fuel costs, according to Bloomberg.
