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Bloomberg

Airlines around the world are increasing fares and raising fuel surcharges as the Iran war sends oil prices swinging wildly and stokes fears of jet fuel shortages if the fighting persists.
The cost of plane tickets may jump as much as 9 per cent, said Willie Walsh, director general of the International Air Transport Association industry group. Fuel costs account for about a quarter of the expenses paid by carriers.
Demand for alternative routes that bypass the Middle East is also surging, pushing up ticket prices. More than 49,000 flights scheduled in and out of the Middle East were cancelled between February 28 and March 12, according to data from analytics firm Cirium.
Here is a rolling list of airlines that have announced increases to fares and fuel surcharges:
AirAsia
Southeast Asia’s biggest budget carrier has raised fares and adjusted fuel surcharges, but without specifying by how much. The airline said it will “dynamically monitor market conditions and react proactively as and when needed”.
Air India
Air India and Air India Express will phase in fuel surcharges across domestic and international routes from March 12.
Air New Zealand
The airline said on Tuesday that it will raise fares by an unspecified amount and may need to take further pricing action and adjust its network and schedule if fuel costs remain elevated. The company also suspended its earnings guidance, saying assumptions on fuel costs announced late last month are no longer valid.
Cathay Pacific
Cathay Pacific Airways is doubling its passenger fuel surcharge starting March 18. The levy on a long-haul flight will rise to HK$1,164 (US$149) from HK$569. Short- and medium-haul surcharges will increase by a similar ratio, according to the carrier.
Finnair
In the aftermath of Russia’s invasion of Ukraine, the Finnish carrier pivoted to relying on a long-haul network that flew to Doha and Dubai. The airline has cancelled all flights through those cities at least through the end of this month, and it says the current turmoil in oil markets will be reflected in ticket prices. Thus, there is no need for a separate fuel charge.
Hong Kong Airlines
Hong Kong Airlines increased fuel surcharges, starting Thursday, on a range of routes, including a 35 per cent increase, or HK$100 (US$12.80), to the Maldives, Nepal and Bangladesh. The levy on long-haul destinations including Australia and North America will rise HK$150 to HK$739.


Japan Airlines
JAL, which already applies a fuel surcharge on international routes, said it has no plans to bring forward changes to levies before April 1.
Norse Atlantic
The Norwegian budget airline said higher oil prices are likely to be reflected in fares or as a specific surcharge.
Qantas
Australia’s largest carrier is raising fares on international routes by around 5 per cent on average. Jet fuel prices have risen by as much as 150 per cent in the past two weeks, which is driving up costs across the business, Qantas said. Flights on European routes, including Perth-London, Perth-Paris and services via Singapore, are more than 90 per cent full this month, up from a typical load factor of 75 per cent at this time of year.
SAS
The Scandinavian carrier introduced what it is calling temporary fuel-related price adjustments, given the rapid increase in oil prices.
SpiceJet
Founder Ajay Singh said carriers will have “no choice” but to impose a fuel surcharge. He is looking for the government to lower jet fuel taxes, warning that even US$90 a barrel oil is “completely unsustainable”. Singh said SpiceJet has considered grounding planes if high oil prices persist and that airlines may have to rethink their expansion plans in such an environment.
Thai Airways
The carrier is planning to raise ticket prices 10 per cent to 15 per cent to cover surging fuel costs.
Virgin Atlantic
The UK-based airline hedges against high oil prices, though it has a dynamic pricing system based on passenger demand.
Air Canada
The carrier told CBC News that pricing “has been and continues to be adjusted to reflect these higher fuel costs”.
Air France-KLM
The group is raising long-haul ticket prices because of higher oil prices, according to a statement. Increases of €50 (US$58) were put in place on round-trip economy tickets starting March 11.
Air Transat
The Montreal-based carrier increased its fuel surcharges on flights to and from Europe, according to CBC News. Tickets that have already been sold can be repriced, an executive told investors during an earnings call.
South African Airways
South Africa’s flag carrier is raising airfares after its fuel suppliers implemented substantial price increases. “It is impossible for the airline to absorb them entirely,” according to a statement. The higher fares take effect on Thursday.


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From AirAsia to Qantas, airlines raise fares as Iran war fuels oil price surge

Qantas is raising fares on international routes by around 5 per cent on average. Photo: Reuters

As US missiles leave South Korea, the Philippines asks: are we next?

Patriot missile launchers are seen deployed at a US military base in Pyeongtaek, South Korea, on Sunday. Photo: Yonhap/AFP

Filipino protesters shout slogans to condemn the Iran war during a rally near the US embassy in Manila on Friday. Photo: AP

US troopers in battle gear seen during a joint military exercise in the Philippines in 2024. Photo: AP

Smoke from an intercepted Iranian missile is seen in the sky above Doha, Qatar, last week. Photo: EPA

A Filipino soldier peers through an observation telescope on the Philippine-occupied Thitu Island in the South China Sea last month. Photo: Reuters

War on Iran threatens Asia’s food supply as fertiliser prices surge

Farmers sow paddy saplings in a field on the outskirts of Guwahati, India, last month. Photo: AP

Workers harvest rice at a paddy field in Kishoreganj, Bangladesh. Photo: AFP

QatarEnergy’s liquefied natural gas facility in Ras Laffan Industrial City suspended production on March 2. Photo: AFP

Urea fertiliser at plant in Ukraine. Around one-third of global fertiliser supply passes through the Strait of Hormuz. Photo: Dreamstime/TNS

Asia’s energy-reliant economies face ‘existential threat’ from prolonged Iran war

A man carries a liquefied petroleum gas (LPG) cylinder in Mumbai on Wednesday. India has implemented several measures to secure energy supplies and manage demand. Photo: EPA

A security guard stands outside a closed school after a government fuel-saving order led classes to shift online amid soaring oil costs in Rawalpindi, Pakistan, on Tuesday. Photo: AFP

People refuel their motorbikes at a gas station in Dhaka on Tuesday. Authorities in Bangladesh have imposed a daily limit on fuel sales to conserve electricity. Photo: AFP

Oil tankers and cargo ships line up in the Strait of Hormuz as seen from Mina Al Fajer, the United Arab Emirates, on Wednesday. Photo: AP

News

Asia

World

Soaring oil prices are forcing several airlines in Asia and Europe to increase fares and fuel surcharges, hitting global travel


Soaring oil prices are forcing several airlines in Asia and Europe to increase fares and fuel surcharges, hitting global travel.


From AirAsia to Qantas, airlines raise fares as Iran war fuels oil price surge

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}Soaring oil prices are forcing several airlines in Asia and Europe to increase fares and fuel surcharges, hitting global travel

AirAsia

Air India

Soaring oil prices are forcing several airlines in Asia and Europe to increase fares and fuel surcharges, hitting global travel