How consumers can navigate the cost of available flights impacted by the Iran war
Summary
The war involving the U.S. and Israel against Iran is causing global oil shortages, raising jet fuel prices and making flights more expensive or less available. Airlines worldwide have cut some routes and increased fees to cope with the rising fuel costs, and experts advise travelers to book flights early and avoid the cheapest ticket options to maintain flexibility.Key Facts
- The conflict with Iran is reducing global oil supplies, pushing jet fuel prices from $99 to $209 per barrel between February and April.
- The International Energy Agency warned that Europe might run low on jet fuel within weeks, causing airlines to reduce flights.
- Many airlines have increased fees for checked bags and added fuel surcharges due to higher fuel costs.
- Air Canada is suspending flights to New York's JFK Airport from June to October to save on fuel expenses.
- Airlines such as United, Delta, Air France-KLM, SAS, Philippine Airlines, and Cathay Pacific have cut routes and raised ticket prices.
- Iran reversed its decision to reopen the Strait of Hormuz, maintaining uncertainty about oil flow and prices.
- Experts recommend booking flights early, avoiding Basic Economy fares, and choosing refundable or more flexible tickets.
- Normal fuel production and delivery might take months to return even if peace is achieved, keeping prices high for some time.
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