The days of cheap airfare may be drawing to an end, at least for now. Airlines around the world are beginning to raise ticket prices as jet fuel costs surge following escalating tensions in the Middle East.
Fuel is typically the second-largest cost for airlines after labor, accounting for roughly 20–25% of operating expenses. When prices rise this quickly, airlines have little choice but to respond.
Indeed, airlines are starting to increase ticket prices after a sudden spike in jet fuel costs, a reminder that geopolitical shocks often end up hitting travelers directly in the wallet.
A great solo travel tip spotted this week on Live and Let's Fly.
