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Jet Fuel Prices Surge 60%, Airlines Adjust Fares

3/13/2026

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Story summary
  • Jet fuel prices have risen more than 60% since late February, following the U.S. and Israel's attacks on Iran.
  • United Airlines and Delta Air Lines can absorb higher costs due to strong demand.
  • Cathay Pacific Airways and Qantas Airways are raising fares to offset higher fuel costs.
  • Analysts expect a first-half earnings hit depending on how long fuel prices stay elevated.