Airlines group warns of flight ticket price hikes

Jet fuel prices have surged sharply since the US and Israeli strikes on Iran in February, and airlines now expect passengers to face higher fares in the coming months. 

Chris Sununu, CEO of Airlines for America, said jet fuel costs have nearly doubled since the conflict began, mainly after Iran restricted shipping through the Strait of Hormuz, a critical global oil route handling seaborne crude exports.

The Bureau of Transportation Statistics reported that US airlines spent $5.06 billion on fuel in March, a jump of more than 56% from February, marking one of the steepest monthly increases in recent years.

Airlines are attempting to absorb some of the pressure by increasing baggage fees, trimming flight schedules, and improving fuel efficiency. However, Sununu warned that fare hikes are unavoidable. 

He also said carriers could collectively lose around $12 billion this year as they absorb part of the cost shock. He advised travelers to book flights 60–90 days in advance for better fares.

In response to rising operating costs, Delta has revised its in-flight services. Starting May 19, it will stop offering snacks and beverages on short flights under one hour, except for passengers in Delta First. 

Industry experts note that fuel remains one of the largest airline expenses after labor, pushing companies to cut costs without sharply raising ticket prices.

Adding to the woes, as the summer travel season approaches, passengers are likely to see tighter service, higher fees, and fewer low-cost options overall.