"Airlines can't absorb all of that on their own, so they're going to find ways to recoup some portion, a considerable portion, from travelers. The cost of a barrel of oil has risen by more than 40 percent in the past two weeks, creating pressure on the airline industry to pass costs to consumers."
"People even talk to me about they want to go to Egypt, go to Turkey. They will say I'm going to hold off on this and see what happens. Travel agents report customers postponing vacation plans and delaying decisions about international travel due to uncertainty surrounding the geopolitical situation."
"We don't know how much damage has been done to oil fields and pipelines and shipping facilities. And I don't think we're really going to know until the war is over. Energy experts emphasize the unpredictability of oil prices given unknown infrastructure damage from the conflict."
The Middle East conflict has caused oil prices to surge more than 40 percent in two weeks, directly impacting travel costs. Airlines cannot absorb these increased fuel expenses alone and will pass significant portions to travelers through higher ticket prices. Travel agents report customers postponing vacation plans due to geopolitical uncertainty, with many delaying decisions about whether and when to travel. The situation affects both summer travel and current bookings. Energy experts cannot predict future oil price movements, though current trends suggest continued increases. Damage to oil fields, pipelines, and shipping facilities remains unknown until the conflict resolves.
Read at ABC7 San Francisco
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