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Airlines cut flights and hike fares as fuel prices surge

Air India and Air New Zealand announced they will cut flights and hike fares as jet fuel prices surge due to the US-Israeli war with Iran.

Many airlines around the world have had to take emergency measures to counter the rising cost of fuel, which typically makes up 20-40% of their operating costs.

Analysts warned that travellers should expect further ticket price rises and more cancelled flights as the conflict continues.

Airlines globally have also been taking action. United Airlines in the US and Scandinavia's SAS are among those to have cut flights and increased ticket prices. Air France-KLM has said it will lift fares for long-haul journeys, while Cathay Pacific is raising its fuel surcharge. British Airways owner IAG and EasyJet have been able to hold off on either measure so far as they are buying their fuel at a price fixed before the war began. (BBC Travel)