"The surge in jet fuel prices, from around $800 per tonne in late February to over $1,600, threatens to add £40 or more to the cost of a typical trip, with airlines warning that rising fuel bills will inevitably be passed on to passengers."
"EasyJet operates on margins of just £6 to £7 per seat, meaning even modest increases in fuel costs can wipe out profits, leading to potential fare increases if volatility continues."
"Air France-KLM has increased long-haul fares by around €50 per return journey, while United Airlines has warned ticket prices could rise by as much as 20%, impacting family travel budgets."
Jet fuel prices in Europe have doubled to over $1,600 per tonne, driven by disruptions in global energy supplies from the conflict in Iran. This increase threatens to add at least £40 to the cost of family holidays, as airlines will pass on rising fuel bills to passengers. The Strait of Hormuz is crucial for Europe's jet fuel supply, and disruptions have led to significant price hikes. Airlines like EasyJet and Air France-KLM are already raising fares, impacting families during peak travel times.
Read at London Business News | Londonlovesbusiness.com
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