The war has sent oil prices surging, upending global travel and pushing airline ticket costs on some routes sky-high.
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Australia’s Qantas Airways, Scandinavia’s SAS and Air New Zealand have announced airfare hikes, blaming an abrupt spike in the cost of fuel caused by the US-Israel attack on Iran that is rattling the global aviation sector.
Jet fuel prices, which were around $85 to $90 per barrel before the attack on Iran, have soared to between $150 and $200, New Zealand’s flag carrier said on Tuesday as it suspended its financial outlook for 2026 due to uncertainty over the conflict.
