The rise has directly affected aviation fuel costs, raising concerns about rising air ticket prices around the world.
The owner of British Airways raises the pressure of the flags
International Airlines Group (IAG), which owns British Airways, has warned that ticket prices are likely to rise as airlines weather rising fuel costs. The company said the situation in the Middle East is pushing operating expenses higher, although it continues to use fuel hedging to manage price fluctuations.However, IAG stressed that it is “not immune” to broader market shocks, and stressed that while supply remains stable, financial pressure is increasing, Sky News reported.
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The government is monitoring fuel supplies and airlines are bracing for the impact
The UK government said it was closely monitoring jet fuel stocks amid concerns about potential shortages if shipping disruptions through the Strait of Hormuz continue. Airlines have also been warned to prepare for fluctuations in fuel availability and prices.In response, aviation regulators have relaxed rules regarding landing and take-off times at airports. Airlines affected by fuel shortages will now be able to keep their places without facing penalties under the usual “use it or lose it” system.
Airline segmentation: normal operations versus fare increases
While budget airline Jet2 said its services and holiday offers will continue “as usual”, other airlines are adjusting prices to manage rising costs. Reports indicate that airlines such as Virgin Atlantic have already increased ticket prices across cabin classes.Meanwhile, industry players, including easyJet, are expected to continue operations without immediate disruption, although cost pressures remain.EU Energy Commissioner Dan Jorgensen warned that travelers could face either flight cancellations or significantly higher ticket prices if the crisis escalates further.
