Why are flight prices increasing due to the Iran war?

The Iran war has triggered a Middle East oil crisis, causing jet fuel prices to double since February, which airlines may pass on to passengers.

Which holiday destinations are seeing price hikes?

Long-haul destinations like America have seen fares increase by up to 15%, while flights to the Maldives have jumped 32% year-on-year.

Should I book my holiday now or wait for prices to drop?

Experts advise booking holiday trips sooner rather than later, as airlines are expected to increase fares further as fuel costs rise.

Home / Business and Economy / Book Now: Flight Costs Set to Skyrocket

Book Now: Flight Costs Set to Skyrocket

1 Apr

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Summary

Jet fuel prices have more than doubled due to Middle East oil crisis.
Popular holiday spots like Cyprus and Greece see booking dips.
Long-haul flights to America have increased by up to 15 percent.

Summer holidaymakers face escalating airfares as a Middle East oil crisis, exacerbated by the Iran war, has doubled jet fuel prices since February. Europe's jet fuel supplies are dwindling, with potential shortages emerging within a week. Airline bosses warn that increased fuel costs may be passed on to consumers if the conflict persists.

While European flight prices remain stable year-on-year, long-haul destinations such as America have seen fares climb by up to 15%. Popular spots like Cyprus and Greece are experiencing fewer bookings as travelers opt for 'safer' locations, which could inadvertently drive up prices for destinations like Spain and Portugal due to increased demand.