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Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

Jet fuel prices

BRIC Team
BRIC Team
May 6, 2026 · 1 min read
Originally reported by Al Jazeera
Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

Key Takeaways

  • This story has been edited and re-presented by BRIC Team.

Al Jazeera reports: On the other hand, a clear end to the war remains out of sight.“Even when the hostilities do conclude, it may take many months, and possibly even a year, before jet fuel prices return to more normal levels,” Harteveldt said.“Even when that happens, don’t expect airlines to lower their fares to pre-war levels,” he added.“One thing airlines have developed better than perhaps any other industry is a keen sense for understanding travellers’ willingness to pay.”

Originally reported by Al Jazeera. This story has been edited and re-presented by BRIC Team.

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