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flag Oil prices soar due to Iran tensions, threatening airlines with higher fares and fewer low-cost seats.

flag U.S. crude oil prices have surged nearly 70% since January and over 35% in five days, driven by tensions in Iran, raising fuel costs for airlines. flag United Airlines CEO Scott Kirby said the spike will significantly impact the company’s quarterly performance, as most carriers have reduced fuel hedging. flag With jet fuel expenses rising, airlines are likely to pass costs to consumers through higher airfares, reduced low-cost seats, and potential route changes, prompting travelers to book early and use fare alerts to manage costs.

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