Airlines worldwide are forced to adjust their schedules as jet fuel prices have more than doubled in recent weeks due to the ongoing conflict in the Middle East and disruptions at the Strait of Hormuz.
According to the Argus U.S. Jet Fuel Index, the cost of jet fuel surged from $2.17 (£1.64) to $4.57 (£3.46) per gallon by March 27.
U.S. carriers are responding aggressively: United Airlines CEO Scott Kirby confirmed that the airline will cut about 5% of its planned flights, scale back off-peak services, and suspend certain international routes, including those to Israel and Dubai, as fuel costs rise.
If these prices persist, jet fuel could add $11 billion in annual costs for the airline alone.
European carriers are also warning passengers of increased fares. Executives at Lufthansa and Air France-KLM have indicated that long-haul ticket prices will rise, while Cathay Pacific and other Asian airlines are raising fuel surcharges.
SAS is reportedly preparing to cancel around 1,000 flights in April, and both Qantas and Thai Airways are adjusting fares and schedules to cope with escalating costs.
This situation highlights the global ripple effect of the conflict, as airlines struggle to absorb unprecedented fuel price spikes while maintaining operations and protecting profitability.
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