Dhaka, March 7 -- Air travelers could soon face higher airline ticket prices as rising global oil costs linked to the Iran war drive up jet fuel prices, according to industry executives and analysts.
Speaking at an industry event on March 5, Scott Kirby, chief executive of United Airlines, said climbing fuel prices are expected to have a "meaningful" impact on the airline's financial results this quarter.
He also indicated that ticket price increases could begin soon as carriers attempt to offset higher operating expenses.
Global oil prices surged sharply after escalating tensions involving the United States and Iran. The U.S. benchmark West Texas Intermediate rose more than 11% to nearly USD 91 per barrel, while Brent crude climbed to...
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