Geopolitical tensions and refinery issues are significantly impacting jet fuel supplies, leading to increased airline operational costs. This situation, coupled with depleted inventories and rising crude oil prices, is expected to push airfares higher. Experts predict a substantial rise in jet fuel crack spreads, potentially doubling fuel costs and consequently increasing ticket prices by up to 25 percent.

Geopolitical tensions and refinery issues are significantly impacting jet fuel supplies, leading to increased airline operational costs. This situation, coupled with depleted…

Geopolitical disruptions and refinery constraints are tightening global jet fuel supplies, increasing costs for airlines and potentially leading to higher airfares, according to a…