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Airlines cut flights and hike fares as fuel prices surge
Air India, Air New Zealand and Delta Airlines are the latest airlines to set out plans to cut flights and hike passenger charges as jet fuel prices surge due to the US-Israeli war with Iran.
Many airlines around the world have had to take emergency measures to counter the rising cost of fuel, which typically makes up 20-40% of their operating costs.
Last week, the benchmark European jet fuel price hit an all-time high of $1,838 (£1,387) per tonne, compared with $831 before the war began.
Analysts warned that travellers should expect further ticket price rises and more cancelled flights as the conflict continues.
Long-haul flights may face cuts if jet fuel price crisis drags on
Long-haul flights could be at risk if the fuel crisis continues, an aviation leader says, after Air New Zealand announced cuts to services in and out of some regional centres.
The national carrier said yesterday that the ongoing impact of high jet fuel costs prompted the schedule changes in May
and June, affecting around 4% of flights and 1% of passengers.
The airline wouldn’t confirm which towns and cities were affected, but said most of the domestic network had seen “only minor adjustments, with a small number of ports such as Hokitika, Timaru, Taupō and Rotorua remaining unchanged to maintain connectivity”.
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Could your holiday flight be cancelled due to fuel shortages or prices – and will you have to pay extra?
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As Air New Zealand cuts more flights, Australia’s government says it has 30 days’ of aviation fuel left
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With each day that passes since the start of war between the US, Israel and Iran, the impact on travellers increases.
On Tuesday 7 April, Air New Zealand has made more cuts to its domestic flight network in May and June “due to the ongoing impact of high jet fuel costs†– grounding one flight in 25.
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