economy

After 11 days of war, global airlines increase airfare prices

As the Iran war enters its eleventh day, air traffic in the Middle East is affected by the closure or restriction of some airspaces, prompting airlines to operate limited schedules and adjust flight routes.

More than 40,000 flights have been cancelled in Middle Eastern countries due to the ongoing military conflict in the region, according to data from aviation analytics firm Cirium.

Globally, airlines have begun raising ticket prices and putting contingency plans in place as fuel costs rise due to the war in the Middle East, confirming that global airlines are seeking to pass on the costs of higher oil prices to passengers.

In India, airlines have raised prices for long-haul flights by about 15% and are considering further increases, while state media in Vietnam have warned of prices potentially rising by as much as 70% due to the country's heavy reliance on imported jet fuel.

Suspending expectations

Air New Zealand raised ticket prices today because of the conflict in the Middle East and may take further pricing action, underscoring global airlines' efforts to pass on the costs of rising oil prices to passengers.

Air New Zealand said: “Prices for jet fuel, which were between $85 and $90 a barrel before the conflict, have risen sharply to between $150 and $200 a barrel in the past few days,” noting that it would suspend its financial forecasts for 2026 due to the uncertainty surrounding the conflict.

A Hong Kong airline announced an increase in fuel surcharges effective March 12, including an increase of HK$5 on flights to mainland China and HK$150 on long-haul flights to destinations such as North America.

oil prices

An Australian airline raised ticket prices this week as oil prices surged. The company is monitoring the impact of fluctuating fuel prices and is considering reallocating capacity to Europe in the coming months.

In South Korea, one airline canceled group tours that included flights to the Middle East, such as flights to Dubai or transiting through Dubai en route to Europe, and is waiving cancellation fees for affected customers. It added that all Middle East-related flights for March will be suspended.

In Thailand, the Ministry of Tourism predicted that if the conflict continued for more than eight weeks, the country would lose a total of 595,974 tourists and 40.9 billion baht ($1.29 billion) in tourism revenue.

With the Iran war entering its eleventh day, air traffic in the Middle East is affected due to the closure or restriction of some airspaces; Prompting airlines to operate limited schedules and adjust flight routes.

The number of canceled flights in Middle Eastern countries has exceeded 40,000 due to the ongoing military conflict in the region, according to data from aviation analytics company “Cirium.”

Globally, airlines have begun raising ticket prices and implementing emergency plans as fuel costs rise due to the war in the Middle East, confirming that global airlines are seeking to pass on the costs of rising oil prices to passengers.

In India, airlines have raised long-haul flight prices by about 15% while considering additional increases, while official media in Vietnam warned of potential price increases of up to 70% due to the country's heavy reliance on imported jet fuel.

Forecast Suspension

New Zealand's airline has raised ticket prices today due to the conflict in the Middle East, and may take further pricing actions, confirming that global airlines are seeking to pass on the costs of rising oil prices to passengers.

The New Zealand airline stated: “Jet fuel prices, which were between $85 and $90 per barrel before the conflict, have sharply risen to between $150 and $200 per barrel in the past few days,” noting that it will suspend its financial forecasts for 2026 due to uncertainty regarding the conflict.

A Hong Kong airline announced an increase in fuel charges starting from March 12, including a hike of 5 Hong Kong dollars for flights to mainland China and 150 Hong Kong dollars for long-haul flights to destinations like North America.

Oil Prices

An Australian airline raised ticket prices this week as oil prices surged. The company is monitoring the impact of fuel price fluctuations and is considering reallocating capacity to Europe in the coming months.

In South Korea, one airline canceled group flights that include flights to the Middle East, such as travel to Dubai or flights passing through Dubai on their way to Europe, and it is waiving cancellation fees for affected customers. It added that all Middle East-related flights for March will be suspended.

In Thailand, the Ministry of Tourism predicted that if the conflict continues for more than eight weeks, the country would lose a total of 595,974 tourists and 40.9 billion baht ($1.29 billion) in tourism revenue.

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