Middle East war has pushed up air fares 24%, research shows
Summary
The war in the Middle East has caused airfares to rise by 24% on average for economy tickets compared to last year. This price increase is due to airlines having to fly longer routes because of airspace restrictions and higher fuel costs caused by disruptions in oil supplies.Key Facts
- Airfares for economy tickets are 24% higher on average than one year ago.
- Airlines must take longer flight routes due to airspace restrictions from the conflict.
- Longer routes mean planes use more fuel, increasing operational costs.
- Jet fuel prices have jumped from about $85-$90 per barrel to $150-$200 per barrel recently.
- Fuel costs make up around 25% of airline operating expenses.
- Long-haul flights served by Gulf carriers have been heavily disrupted, reducing available seats.
- Some other airlines have increased flights to long-haul destinations to fill gaps.
- Flight prices between Europe and East Asia have risen sharply, with some routes up by over 70%.
Read the Full Article
This is a fact-based summary from The Actual News. Click below to read the complete story directly from the original source.
