Airlines to Raise Fares Amid $100bn Jet Fuel Cost Surge

Airlines face an additional $100 billion in jet fuel costs this year, leading to inevitable fare increases. The International Air Transport Association (IATA) warns that industry profits will halve to $23 billion due to rising fuel prices, which are expected to be 70% higher by 2026. Some airlines may struggle to survive this financial strain.

Read the full story at The Guardian AU→