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Story summary
- Jet fuel prices have nearly doubled since the U.S. and Israel's attacks on Iran.
- Some airlines have implemented surcharges of up to 35%.
- Major carriers such as Qantas, Cathay Pacific, and Air New Zealand are raising ticket prices and fuel surcharges.
- Analysts expect elevated fuel costs to persist for months.
- Strong travel demand may provide airlines with pricing power despite the hikes.
