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Airfares Are Rising Amid the Iran Conflict

Condé Nast Traveler·@JessicaPuckett·7 months ago
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The conflict in Iran has caused widespread flight disruptions throughout the Middle East, stranding thousands of passengers in key hubs like Doha and Dubai. Now, elevated oil prices are leading some international airlines to increase fares, causing many travelers to wonder if they should book upcoming flights now or hold off. For many airlines, jet fuel is one of their largest expenses. As a result, popular global carriers such as Qantas, Scandinavian Airlines, and Air New Zealand have increased their airfares this week to help cover costs. While US airlines have not yet announced similar ticket hikes, US flight prices will need to rise by at least 11% to cover the current increase in jet fuel expenses, according to new analysis by Skift Research—meaning American travelers may soon see higher fares too. It’s not clear whether oil prices will continue to drop back to normal, and experts say the market is likely to remain volatile.…

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