Airfares Skyrocket as Jet Fuel Prices Spike

0:00It's March 11, here's your Adelaide news in two minutes. Quantists and other airlines are jacking up international airfares after jet fuel prices spiked up to 150% in just the past two weeks. The Middle East conflict has choked oil supplies through the Strait of Hormuz, sending barrel prices from $85 to $90 soaring to $1, 150 to $200. Flight cancellations worldwide topped $43,000 since the crisis kicked off, forcing rerouts like Quantists, adding a Singapore stop on its. Perth to London Run to Dodge Troublespots, extra demand on Asian and North American pass has already pushed some fares higher. Experts warned the real pain for travelers hits in three to six months, once airlines' fuel hedging locks expire. US carriers faced the worst since they mostly ditched that practice years ago, while Asian and European ones are better protected for now. Australian domestic fares are holding steady so far, with plenty of aviation fuel available

1:01locally. But experts predict fewer international tourists heading here if costs keep climbing, curbing leisure, and business trips. Other airlines are following suit, like Air New Zealand bumping domestic by $10 New Zealand dollars, short haul international by $20 and long haul, by $90. Fares stay high until the war lets oil flow freely again. This story is made possible by our sponsor. A pillow that plays your podcasts, music, or white noise privately. No earbuds required. S-O-L-I-SOLYPILO.COM