Jet fuel prices have surged nearly $2 per gallon since late February, leading major airlines to either propose raising ticket prices or to admit that fare hikes are imminent.
The cost per gallon jumped from $2.50 on Feb. 27 to $4.26 in recent weeks, according to data tracked by Airlines for America. The price increase is attributed to the war with Iran, which has limited global oil and energy supplies.
Experts warn that these rising costs are already being passed on to consumers as airlines struggle to maintain their bottom lines amid high travel demand.
Patrick Dehaan with GasBuddy told KIRO 7 that the rapid price increase has left airlines with few alternatives.
“Jet fuel prices have been exploding the last two-and-a-half weeks, and airlines have had no choice but to pass those…
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Source www.kiro7.com
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