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Asian travellers can expect higher fares, flight disruptions as Iran war chokes jet fuel supply
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As the war goes on, more flight cuts are a given, said aviation analyst Shukor Yusof of Endau Analytics, noting that some Asian airlines are bleeding millions of dollars daily.
PHOTO: EPA
- Asian airlines face flight cuts and increased surcharges due to soaring jet fuel prices and disrupted supply caused by the Middle East war.
- Strait of Hormuz disruptions and major producers prioritising domestic use have severely tightened jet fuel supply in Asia, with vulnerability varying by country.
- Acute jet fuel tightness and high airfares are expected for at least six months. Governments could consider establishing a regional fuel reserve sharing framework; travellers should prepare for elevated costs.
AI generated
SINGAPORE – Airline passengers in Asia are in for a turbulent summer travel season as sky-high jet fuel prices and tightening supply have forced many carriers to cut flights and raise surcharges.
With the price of jet fuel doubling since the war in the Middle East began on Feb 28, the consensus among analysts is that airlines in the region, especially low-cost carriers, simply cannot afford to fly as frequently the longer the conflict drags on.
