Middle East crisis: Asian airlines raise fares as war fuels oil shock fears
Asian airlines are hiking fares and planning for potential flight groundings as the Middle East conflict fuels a major oil shock. Indian carriers have already raised long-haul ticket prices by 15%, with Vietnam warning of up to 70% increases. Many Asian airlines, lacking robust fuel hedging, face significant vulnerability as jet fuel prices double, threatening operations and travel demand.
Asian airlines are hiking fares and planning for potential flight groundings as the Middle East conflict fuels a major oil shock. Indian carriers have already raised long-haul ticket prices by 15%, with Vietnam warning of up to 70% increases. Many Asian airlines, lacking robust fuel hedging, face significant vulnerability as jet fuel prices double, threatening operations and travel demand. What's Your Reaction?
