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Airlines Hike Fares as Jet Fuel Prices Soar

3/13/2026

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Summary

Story summary

Airlines worldwide are raising ticket prices and fuel surcharges as jet fuel costs rise amid the Iran-related conflict.
Jet fuel prices have risen from about $99 to over $157 per barrel.
Carriers including Air India, Cathay Pacific, and Qantas have announced fare increases.
The conflict has forced rerouted flights, increasing costs and signaling continued fare hikes and tighter routes in Africa and Kenya.

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Story summary

Airlines worldwide are raising ticket prices and fuel surcharges as jet fuel costs rise amid the Iran-related conflict.
Jet fuel prices have risen from about $99 to over $157 per barrel.
Carriers including Air India, Cathay Pacific, and Qantas have announced fare increases.
The conflict has forced rerouted flights, increasing costs and signaling continued fare hikes and tighter routes in Africa and Kenya.