"Global jet fuel prices have more than doubled since the Iran war began, rising to almost $200 per barrel. Fuel is airlines' second-highest cost after labor, and many carriers are trying to offset price hikes by increasing fuel surcharges, bag fees, and ticket fares."
"Clint Henderson, managing editor of The Points Guy, told Business Insider that he has been using his own points and miles to get ahead of potential fare increases and added fuel charges, booking trips through spring next year to destinations such as Paris, Hong Kong, and Tokyo."
"With most points and miles programs, at least in the US, you can cancel and get your points back, so I don't have to worry in case these trips don't pan out."
"For travelers who haven't built up a balance of points, Henderson said it might be worth opening a new credit card that offers a large sign-up bonus."
Global jet fuel prices have surged, prompting airlines to raise fares and fees. Travel experts recommend using accumulated points and miles for flights to avoid high cash prices. Clint Henderson, managing editor of The Points Guy, emphasizes booking with points, especially as travel costs rise. Many travelers earn points through airline membership programs or specific credit cards. Points can often be canceled and refunded, providing a safety net amid travel volatility caused by staffing issues and geopolitical conflicts. New credit cards with sign-up bonuses may benefit those without points.
Read at www.businessinsider.com
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