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Airlines across Europe and Asia 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.
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Demand for alternative routes that bypass the Middle East is also surging, pushing up ticket prices. More than 43,000 flights scheduled in and out of the Middle East were cancelled between Feb. 28 and March 10, according to data from analytics firm Cirium Ltd.
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Here is a rolling list of airlines that have announced increases to fares and fuel surcharges:
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AirAsia
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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.”
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Air India
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Air India and Air India Express will phase in fuel surcharges across domestic and international routes from March 12.
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- From March 12 a surcharge of 399 rupees (US$4.35) will be added to domestic flights and services to South Asia, West Asia and the Middle East. Surcharges to Southeast Asia will rise to US$60 from US$40, and for Africa to US$90 from US$60.
- From March 18, the surcharge for Europe will rise US$25 to US$125, and to North America and Australia by US$50 to US$200.
- Surcharges to Hong Kong, Japan and South Korea to be announced later
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Air New Zealand
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The airline said March 10 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 The company also suspended its earnings guidance, saying assumptions on fuel costs announced late last month are no longer valid.
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Cathay Pacific
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The Hong Kong airline says it will raise fuel surcharges on flights imminently to cover its costs.
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Finnair
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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’s no need for a separate fuel charge.
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Hong Kong Airlines
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Hong Kong Airlines increased fuel surcharges, starting March 12, 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.
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Japan Airlines
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JAL, which already applies a fuel surcharge on international routes, said it has no plans to bring forward changes to levies before April 1.
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Norse Atlantic
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The Norwegian budget airline said higher oil prices likely will be reflected in fares or as a specific surcharge.
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