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The Economic Times

National / The Economic Times

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Price hikes, outlook cuts - What airlines are doing as fuel costs surge

A sharp surge in jet fuel prices, attributed to the U.S.-Israeli war on Iran, is significantly impacting the global aviation industry. Airlines worldwide are responding by increasing ticket fares and fuel surcharges, while some are revising financial forecasts and cutting unprofitable flights due to soaring operating expenses.

23 Mar 2026 1:26 pm