Airlines across the Asia-Pacific region are raising fares as jet fuel prices surge בעקבות the war in the Middle East. The average global price of aviation fuel has climbed to nearly double its January level, driven by supply disruptions and refining costs. The Strait of Hormuz, a key route for nearly one fifth of global oil shipments, has been heavily affected, with Asian markets particularly exposed.

Air India, Cathay Pacific, Qantas and Thai Airways are among the carriers increasing ticket prices or adding fuel surcharges. Air India announced phased increases on domestic and international routes, citing higher fuel costs and heavy taxes in major Indian cities. Qantas said fares would vary by route, while Thai Airways indicated it could raise prices further if oil continues to climb.

Industry leaders warn that sustained high oil prices are unsustainable and could force airlines to scale back operations. While some European carriers are shielded in the short term through advance fuel purchasing strategies, many airlines in Asia face mounting cost pressures that are expected to push international fares higher in the coming months.