Global airlines are facing mounting pressure as the war in the Middle East drives up oil and gas prices, sending jet fuel costs sharply higher. The average global price of jet fuel has doubled since early January, reaching 173.91 dollars per barrel, squeezing airline profit margins and unsettling travel demand during the crucial summer booking season.

Carriers in the Gulf region have been hit particularly hard, but the impact is widespread as many international airlines operate routes to or through the area. European airlines such as Lufthansa and Air France have cushioned the blow in the short term by purchasing much of their fuel at fixed prices in advance, while some United States carriers that do not hedge fuel may be more exposed to rising costs.

Several airlines in Europe and the Asia Pacific region have already begun raising fares or signaled plans to do so. Industry analysts warn that if high oil prices persist, carriers will have little choice but to pass increased costs on to passengers, potentially dampening demand as travelers grow more cautious about booking trips.

At the same time, some European airlines are adjusting routes and increasing flights to Asia, seeking to offset weaker demand linked to the conflict. However, industry experts caution that higher ticket prices combined with geopolitical uncertainty could further slow travel bookings in the months ahead.