Qantas Airways said that in addition to increasing international fares, it was exploring options to redeploy capacity to ⁠Europe as passengers seek to avoid the Middle East. Jet fuel prices, which were about $85 to $90 ​(€73-€77) per barrel before the conflict, have increased sharply to between $150 and $200 (€128-171) per barrel in recent days. Vietnam Airlines ⁠has asked local authorities to remove an environmental tax on jet fuel to help ⁠it maintain operations. The southeast Asian nation’s government ​said Vietnamese airlines’ operating costs have risen 60 per cent to 70 per cent due to the rise in jet fuel prices and fuel suppliers were facing difficulties in meeting airline demand. High fuel prices ‌could have severe implications for the global travel industry, ⁠with airlines already navigating tight airspace as pilots reroute to avoid the Middle East conflict and capacity on popular routes fills up.

Source: The Irish Times March 10, 2026 13:25 UTC