Flight costs increase by $100 - Reason: fuel price increase due to war in Iran
The disruption to global oil supplies from the war in Iran has added more than $100 to the price of long-haul flights from Europe, a cost that could lead to higher ticket prices, according to a study.
Rising jet fuel prices have increased the average cost of fuel by 88 euros ($104) per passenger on long-haul flights departing from Europe and 29 euros on flights within Europe. The analysis compared prices as of April 16, with those just before the US and Israel began a war with Iran on February 28.
Fuel for a flight from Barcelona to Berlin would be 26 euros more expensive per passenger, while a long-haul trip from Paris to New York would cost 129 euros more in fuel.
European airlines are bracing for a challenging spring and summer, with jet fuel prices soaring to over $100 a barrel since the start of the Iran war and growing concern that shortages could lead to flight cancellations. The European Union is expected to respond with guidelines on managing the limited supply of jet fuel.
The study calculated the average fuel consumption on all flight routes departing from Europe and divided this by the number of departing passengers, to calculate how much a fuel price increase would add to the cost per person.
Airline executives from carriers including Lufthansa, Ryanair and Air France-KLM said in March they could pass on higher fuel costs to consumers if the Strait of Hormuz remains closed for longer.
The study's calculations showed that the additional costs from rising fuel prices were far greater than those faced by airlines from complying with EU climate change policies.
Airlines have called for the scrapping of several EU climate policies, including a 2030 mandate to use green synthetic jet fuel, as well as a review of future carbon pricing rules. As part of its package, the EU is determined to push forward energy independence through greater investment in green jet fuel.
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