Why Air Travel Costs Will Continue to Rise
4/27/202619 min
The war in Iran has sparked a global jet fuel crunch, sending prices soaring. Now, airlines are passing costs onto travelers, with higher ticket prices and additional fees. WSJ’s Matthew Dalton and Alison Sider explain how jet fuel has been caught up in the crisis and why airlines aren't planning to lower prices anytime soon. Jessica Mendoza hosts. Further Listening: - How China Keeps Iran's Oil Industry Afloat
- The Airline Industry Has a Toxic Fume Problem Sign up for WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Clips
Transcript preview
First 90 secondsJessica Mendoza· Host0:00
[upbeat music] The war in Iran has sparked the most intense global energy shock in decades, and one big tangible effect for people outside the region is the jet fuel crunch.
Speaker 10:15
[upbeat music] Airlines worldwide are taking some extraordinary measures to keep flying and stay in business.
Speaker 20:23
A warning for anyone hoping to travel for the summer holidays. Europe may run out of jet fuel.
Speaker 3· Soundbite0:28
So many folks are trying to take those summer trips. We're talking about double-digit airfare hikes in the months ahead. And- The Iran war has had a pretty significant impact on air travel.
Alison Sider· Guest0:41
I mean, there's routes that airlines are no longer flying because, you know, they could potentially be dangerous. You know, planes are having to sort of route around this Mideast airspace.
Jessica Mendoza· Host0:52
We spoke to a couple of reporters who've been following this story, including Alison Sider, who covers airlines.
Alison Sider· Guest0:59
The big question for airlines is how are they going to manage just billions of dollars in added jet fuel costs?
Jessica Mendoza· Host1:08
Airlines are now scrambling to figure out how to secure fuel supplies and deal with increased expenses.
Alison Sider· Guest1:18
Their fuel bills doubled in a matter of weeks, and it's not a super high-margin business, so somebody has to pay that bill. And in a lot of cases it seems like it's