They are detonating freight costs, insurance premiums, refinery margins and jet fuel prices. And once jet fuel spikes, airlines do what airlines always do. Some airlines are already hiking fares, cutting flights, or warning that hedging strategies are not enough when jet fuel surges this violently. A jet fuel contract spikes. Batik Air has introduced modest fare adjustments (among others), while Malaysia Airlines is continuously reviewing fares and fuel surcharges.

Source: The Star March 21, 2026 04:01 UTC