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Jet Fuel Prices Soar: Airlines Adjust Costs and Operations

3/15/2026

26 5 Full Breakdown

Summary

Story summary

Jet fuel has doubled since the Iran war began two weeks ago, raising airline costs.
Jet fuel now accounts for 25 to 35 percent of airline expenses, driving surcharges by Air Asia and Hong Kong Airlines.
United Airlines CEO Scott Kirby says airfares rise with fuel costs and may fall when costs drop.
Experts say airlines are adjusting operations for fuel efficiency and pricing, with some shielding vacationers from hikes.

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Story summary

Jet fuel has doubled since the Iran war began two weeks ago, raising airline costs.
Jet fuel now accounts for 25 to 35 percent of airline expenses, driving surcharges by Air Asia and Hong Kong Airlines.
United Airlines CEO Scott Kirby says airfares rise with fuel costs and may fall when costs drop.
Experts say airlines are adjusting operations for fuel efficiency and pricing, with some shielding vacationers from hikes.