Jet fuel costs drive airfares to record high, airlines cut capacity
Published 1 d ago1 sourceEvidence: Reported
IATA warns that higher jet fuel prices could push fuel costs above 30% of airline expenditures, adding up to $100 billion to the industry's total fuel bill versus 2025. The estimate is based on current price trends and is uncertain pending oil market volatility. This signals a significant cost shock for the aviation sector, potentially pressuring margins and ticket prices.
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