From AirAsia to Qantas, airlines raise fares and brace for jet fuel shortage

The cost of plane tickets may jump as much as 9 per cent, said Willie Walsh, director general of the International Air Transport Association industry group. Fuel costs account for about a quarter of the expenses paid by carriers.

Demand for alternative routes that bypass the Middle East is also surging, pushing up ticket prices. More than 49,000 flights scheduled in and out of the Middle East were cancelled between February 28 and March 12, according to data from analytics firm Cirium.

Here is a rolling list of airlines that have announced increases to fares and fuel surcharges:

AirAsia

Southeast Asia’s biggest budget carrier has raised fares and adjusted fuel surcharges, but without specifying by how much. The airline said it will “dynamically monitor market conditions and react proactively as and when needed”.

Air India