More Airlines Set to Slash Flights as Fuel Crisis Hits the Industry
Since the outbreak of the conflict in the Middle East, the price of aviation fuel has skyrocketed. Rates have surged from approximately $750 per ton to nearly $2,000 in early April—two and a half times higher than the 2025 average. Because fuel typically accounts for about a quarter of an airline’s operating costs, the industry remains incredibly vulnerable to these geopolitical shocks. As a result, many carriers have reached a breaking point. To stay afloat or minimize losses, they are being forced to hike ticket prices, overhaul their flight paths, and slash flight volumes. For travelers, this means more than … Read more