Disruption to supplies from the Gulf due to the Middle East conflict has pushed the cost up by more than 80%.
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Jet fuel surge hits airlines, carriers raise surcharges
Jet fuel prices, previously hovering between US$85-US$90 per barrel before the Middle East conflict, have surged above US$100 per barrel.
By Shivansh Tiwary and Doyinsola Oladipo March 6 (Reuters) - U.S. airlines abandoned the practice of hedging against fuel ...
US airlines abandoned the practice of hedging against fuel costs long ago. With oil prices surging following US-Israel strikes on Iran, it will likely be looking at in the event of a lengthy conflict ...
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