Why Flight Prices Might Not Fall After the U.S.-Iran Deal
Jet fuel may stay expensive for months, and airlines know travelers are willing to pay more for tickets.
Jet fuel may stay expensive for months, and airlines know travelers are willing to pay more for tickets.
Airports in Kuwait, Iraq, Bahrain, the U.A.E. and Iran, some with military functions and some without, have all come under fire.
If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
The U.S. military aircraft with a two-person crew was shot down in Iran on Friday.
Some airlines and travelers, especially in the Middle East and elsewhere in Asia, are bearing the brunt of the pain, while others are doing better.
Airline executives said the war in Iran had raised fuel costs and, as a result, fares, but that had not yet hurt demand for tickets from individuals and businesses.
Emirates, Qatar Airways and Etihad Airways have become some of the world’s largest and most profitable thanks to their location at the center of busy travel routes.
When conflict broke out in the Middle East, thousands of travelers were stranded. We followed a New Orleans doctor on his epic journey to get home.
The price of jet fuel and diesel has surged since the war in Iran began, which could force airlines and trucking companies to pass on higher costs to their customers.