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Jet Fuel Prices Soar, Airlines Hike Fares by 11%

3/13/2026

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Summary

Story summary

Jet fuel prices have doubled since the Iran conflict began, pushing airlines to raise ticket prices.
The spike lifts U.S. fares by at least 11% to offset higher fuel costs; Qantas and Scandinavian Airlines have raised fares.
U.S. carriers are expected to follow, and experts warn the volatile market could push prices higher for summer travel.
Airlines are adjusting operations to control costs, targeting premium travelers who are less price-sensitive.

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Story summary

Jet fuel prices have doubled since the Iran conflict began, pushing airlines to raise ticket prices.
The spike lifts U.S. fares by at least 11% to offset higher fuel costs; Qantas and Scandinavian Airlines have raised fares.
U.S. carriers are expected to follow, and experts warn the volatile market could push prices higher for summer travel.
Airlines are adjusting operations to control costs, targeting premium travelers who are less price-sensitive.