Qantas and Virgin Raise Fares Amid 125% Jet Fuel Price Surge

Jet fuel prices have surged by 125% since the onset of the Iran war, significantly impacting Qantas and Virgin, as fuel constitutes about 20% of their operating expenses. This dramatic increase has led both airlines to cut flights and raise fares to manage costs. Petrol prices have also risen by approximately 40% since February.

Read the full story at The Guardian AU→