Amid the ongoing conflict in Iran and surging fuel costs, your vacation could increase in price even after you’ve paid or be canceled outright.
Oil prices have risen more than 40% since Operation Epic Fury got underway on Feb. 28.
Fuel routes have also been disrupted, and airlines and cruise ships alike are adapting by increasing prices, shifting schedules, and adding surcharges.
“Prices have already risen this year, but we haven’t seen the end of it. Travelers will be paying more over the coming months,” Paul Charles, chief executive of luxury travel consultancy the PC Agency , told ITV1.
According to the latest International Air Transport Association data, jet fuel prices increased from $99 per barrel at the end of February to $209 at the beginning of April REUTERS
According to the latest International Air Transport Association data, jet fuel prices increased from $99 per barrel at the end of February to $209 at the beginning of April – although they have fallen in recent weeks to $179.
These extreme…