Airlines Slash Flights as Jet Fuel Prices Soar

0:00Foreign airlines are slashing flights to Australia as jet fuel prices skyrocket from the U.S. Israel strikes on Iran back on February 28th. Oils jumped hard with the straight-of-form moves shut down, choking off one-fifth of global supply. Fiji Airways paused some Australia in U.S. routes last week, while Air Asia cut flights from Sydney, Melbourne, and Adelaide dropping Sydney and Melbourne from nine to eight weekly each. Meanwhile, other carriers are tweaking too. China Eastern dropped its Melbourne Nanjing run from three times a week to two, and Korean Air tripled fuel. Surcharges on Seoul, Sydney flights, now at $260. Fiji suspending a Brisbane service, April 25th, and pausing Dallas flights for seven weeks starting in May. Travel pros say airlines are just grabbing the easy cuts on iffy routes to protect profits, not panicking yet. Folks like Mark Trim from Complex Travel know that borderline profitable lines get asked first,

1:01and experts as Sirium call it low-hanging fruit-wild, demand-hold-steady. Quantus and Virgin Australia are bracing for $800 million and $40 million extra in fuel hits this year, but both expect higher. Revenue proceed to offset it. The International Energy Agency warns Europe might run out of jet fuel in six weeks if Middle East blocks persist. If this fuel crunch drags past May or June, we could see bigger slashes, job cuts, and travel-demand tank. Airlines are watching close, balancing hikes. With keeping seats filled, stay informed with Sydney News Today AI-powered updates.