Air fares in Europe are set to rise as airlines struggle with soaring jet fuel costs, according to the head of the International Air Transport Association. Willie Walsh said that while some carriers have recently lowered ticket prices to stimulate demand, they cannot continue absorbing higher fuel expenses indefinitely.
The surge in fuel prices follows disruption linked to conflict in the Middle East and the closure of the Strait of Hormuz, a key route for energy supplies. Europe, particularly the United Kingdom, relies heavily on fuel imports from the region and has been seeking alternative sources. Although officials have said there is no immediate shortage, concerns remain about supply pressures during the peak summer travel season.
Walsh warned that even if the Strait were reopened soon, the effects of supply disruption and refinery damage could last for months and possibly into next year. While there is no need for panic and widespread cancellations are not expected, he said higher oil prices will inevitably be passed on to passengers through increased ticket prices.

image sourced from original article at 

