A SURGE in jet fuel prices driven by the US-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.

Jet fuel prices have soared from US$85 to US$90 per barrel to US$150 to US$200 per barrel in recent weeks, a financial hit for an industry where fuel accounts for up to a quarter of operating expenses.

https://www.businesstimes.com.sg/companies-markets/transport-logistics/price-hikes-outlook-cuts-what-various-airlines-are-doing-fuel-costs-surge