Jet-fuel shock from Middle East conflict forces airlines to raise fares, add surcharges and cut capacity
Jet fuel prices have surged after the U.S.-Israeli war on Iran and related geopolitical and currency moves, forcing airlines worldwide to raise fares, add fuel surcharges, cut unprofitable flights and revise financial forecasts. Even carriers with hedges, like EasyJet, warn passengers will face higher fares by late summer.
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