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The Economic Times

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Fuel shock hits aviation: airlines hike fares, slash forecasts

Global airlines are raising ticket prices and adjusting financial forecasts due to a sharp increase in jet fuel costs. The price of jet fuel has significantly climbed, impacting airline operating expenses. Carriers like Aegean Airlines, Air France-KLM, and Cathay Pacific Airways are implementing fare hikes and fuel surcharges to manage these rising costs.

13 Mar 2026 5:38 pm