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Airlines Raise Fares, Cancel 20k Flights Amid Fuel Surge

4/24/2026

Summary

Airlines Raise Prices

Airlines raise ticket prices and suspend routes as jet-fuel costs climb because of the war on Iran.
Going.com reports domestic fares are 18% higher and international fares 7.5% higher than a year ago.
Delta Air Lines will suspend RDU–LAS flights from June 2 to September 8.
Lufthansa Group will cut 20,000 short-haul flights through October, requiring U.S. carriers to refund canceled tickets.

Summary

Wirth Warns Shortage

Chevron CEO Mike Wirth warned on “Face the Nation” that jet-fuel shortages could raise fares and cut flight options soon.
He said North American jet-fuel prices have risen over 80 % year-over-year, per the International Air Transport Association.
Wirth noted U.S. gasoline averages $4.03 per gallon, diesel $5.47, and said U.S. carriers are better positioned.
He added the shortage has tightened European and Asian markets, forcing airlines to fly fuller.

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Airlines Raise Prices

Airlines raise ticket prices and suspend routes as jet-fuel costs climb because of the war on Iran.
Going.com reports domestic fares are 18% higher and international fares 7.5% higher than a year ago.
Delta Air Lines will suspend RDU–LAS flights from June 2 to September 8.
Lufthansa Group will cut 20,000 short-haul flights through October, requiring U.S. carriers to refund canceled tickets.

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