AirAsia X to increase fares as jet fuel prices soar amid US-Iran conflict — How much do tickets cost now?

Budget carrier AirAsia

The airline also said it would have to cut some flights on routes where it could no longer afford fuel costs.

He stated that the company increased fuel surcharges by approximately 20%, while ticket prices increased by 31% to 40%.

Demand for flights remains high and the airline remains committed to a planned hub in Bahrain, with its first flight scheduled for June 26, AirAsia

In February, AirAsia

However, this announcement came before the United States and Israel hit Iran with missiles on February 28, killing Supreme Leader Ayatollah Ali Khamenei. The war escalated further as Iran retaliated; Clashes continued to affect the region for more than a month.

The war saw the closure of many airfields. Worse, Iran’s blockade of the Strait of Hormuz has sparked a global oil and energy crisis, with jet fuel prices rising as high as $300 per barrel in some markets.

Fernandes said demand for flights remains high and he is optimistic the airline will come back stronger after the crisis is over.

Lufthansa warns of fuel shortages

Earlier last week, Lufthansa said it saw potential bottlenecks in the supply of jet fuel if the conflict in the Middle East turns into a longer war.

“Availability is already difficult at some airports in Asia,” Grazia Vittadini, who heads Lufthansa’s technology, IT and innovation department, told German newspaper Die Welt. “The longer the Strait of Hormuz is blocked, the more critical the supply situation could become.”

What are Indian airlines doing?

While Indian airlines see themselves in limbo with the closure of key routes due to the US-Iran war, OMCs increased Aviation Turbine Fuel (ATF) prices on April 1. However, the Center decided on only a partial price increase of 25 percent for domestic flights.

IndiGo introduced fuel surcharge from March 14 and later increased it following the ATF price hike.

Revised fuel charges for domestic flights ₹275 to ₹Fuel charges on 950 and international flights ₹900 to ₹10,000. Distance-dependent fares will be valid as of 0001 hours on April 2nd.

Fuel fee will be charged ₹275 for domestic flights on routes 0-500 km long and ₹400 for flights flying 501-1,000 km.

Amount ₹600 for 1,001-1,500 km, ₹800 for 1,501-2,000 km and ₹950 for distances over 2,000 km.

Akasa Air announced that it will impose a fuel surcharge on March 14. ₹199 and ₹1,300 for domestic and international flights.

Air India and Air India Express have also introduced fuel surcharges to offset costs amid conflicts in the Middle East.