Airlines raise fares amid surging jet fuel prices
after close1 source ↓written by the desknot a recommendation
- per barrel
- $150 to $200
- of operating expenses
- 25%
- per round trip
- €50
A surge in jet fuel prices, now between $150 to $200 per barrel, has forced airlines to hike fares and revise financial outlooks. Fuel costs account for up to 25% of operating expenses, significantly impacting profitability. Airlines like Air France-KLM plan to increase long-haul ticket prices by €50 per round trip to offset these costs.
Not investment advice. For informational purposes only.