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Oil prices soared due to Iran tensions, threatening airline profits and likely raising airfares.
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.
United Airlines CEO Scott Kirby said the spike will significantly impact the company’s quarterly performance, as most carriers have reduced fuel hedging.
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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Los precios del petróleo se dispararon debido a las tensiones en Irán, amenazando las ganancias de las aerolíneas y probablemente elevando las tarifas aéreas.