Airlines worldwide struggle with fuel shortages, higher costs

The global aviation industry is confronting a jet fuel crisis due to rising costs triggered by the ongoing Middle East conflict, with some forced to raise air ticket prices to cushion the impact. Leading Chinese carriers, including Air China and China Southern Airlines, have announced that fuel surcharges for domestic routes will be raised starting April 5th.

Air New Zealand has raised all fares and suspended its full-year profit guidance just weeks after issuing it. American Airlines expects an additional 400-million-dollar in costs for the first quarter. United Airlines is trimming unprofitable routes through to 2027. Japan Airlines (JAL) and All Nippon Airways (ANA) are expected to raise fuel surcharges sharply on international flights from June.