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Fuel costs are increasing, so airlines are reducing their prices and cutting back on their outlook.

The U.S. and Israeli war against Iran, which has pushed up jet fuel prices, has shook the aviation industry around the world. Airlines have been forced to increase fares and change their financial forecasts.

In recent weeks, jet fuel prices have increased from $85-$90 per barrel up to $150-$200 per barrel. This is a major financial blow to an industry where fuel can account for as much as a quarter or more of its operating costs.

Here is an alphabetical list of the ways airlines are responding to this issue:

AEGEAN AIRLINES

The Greek airline anticipates that the suspension of Middle East flights, as well as a spike in fuel prices will have "notable impacts" on their first-quarter results.

AIRASIA X

Malaysian Airlines executives announced that the company has cut 10% of its flights in the group and imposed a fuel surcharge of around 20%.

AIR FRANCE-KLM

The airline group?said that it planned to raise long-haul ticket fares to deal with surging fuel prices, and cabin?fares are set to increase by 50 euros ($58).

AIR INDIA

The Indian flag carrier announced that it would change its fuel surcharge from a flat domestic surcharge to one based on distance. The airline said that surcharges for international routes do not compensate the steep rise in jet fuel costs.

AIR NEW ZEALAND On April 7, the airline announced that it would cut flights in May and June, and raise fares. It was one of the first airlines to announce a large increase in ticket prices after the conflict began. The airline also suspended its earnings forecast for the full year due to volatility in the fuel markets.

AKASA AIR

Akasa Airlines, based in India, announced that it would be imposing a fuel surcharge on both domestic and international flights ranging from 199 to 1,300 Indian Rupees ($2 - $14).

ALASKA AIR

The U.S. carrier said that it would raise fees by $5 for the first bag and $10 for the second for flights in North America, as well for Hawaiian Airlines. The third checked bag was raised from $50 to 200 dollars.

AMERICAN AIRLINES

The U.S. carrier announced that it will increase the fees for checked baggage by $50 for the third bag and $10 for the second on short-haul flights and domestic flights. The airline has also reduced?certain benefits to economy passengers.

The fuel price increase was expected to cause a $400-million increase in the first quarter expenses.

CATHAY PACIFIC

Hong Kong Airlines announced that it will increase its fuel surcharges by 34% on all routes starting April 1, and to review them every 2 weeks. The CEO of the carrier said that it will maintain flight capacity, despite high fuel costs. However, its 10% passenger growth plan may change if there is a decline in demand due to high prices.

CEBU AIR

The Philippines-based carrier said that the sharp increase in fuel prices is a major concern. It will continue to review pricing and network strategies and try to minimize the impact.

CHINA EASTERN EXPRESS AIRLINES

Air China said that it would increase fuel surcharges on domestic flights starting April 5. Flights under 800km will be charged a surcharge of 60 yuan, and flights above 800km will be charged a surcharge of 120 yuan.

DELTA AIR LINES

Delta announced that it would reduce capacity by 3.5 percent from its original plan, and increase fees for checked baggage in order to offset the rising costs of jet fuel. The price increase will be $10 for the first and second bags and $50 on the third bag.

The U.S. carrier pulled all planned growth in capacity for the current quarter, and forecast profits below Wall Street expectations. Delta CEO said that it would not update its full-year forecast due to uncertainty about how long fuel prices would rise.

EASYJET

EasyJet CEO Kentonjarvis warned that European consumers can expect to pay more for tickets at the end of the summer when fuel hedges end.

FRONTIER AÉRIENS

The airline is reviewing its full-year forecast as fuel prices have increased significantly since it issued the outlook. The airline has revised its forecast for the full year as fuel prices have increased dramatically since it released the outlook.

GREATER BAY Airlines

The Hong Kong-based firm said that it will increase fuel surcharges for most routes starting April 1, but keep them the same on routes to mainland China and Japan.

The carrier has announced that the surcharge on flights between Hong Kong, Philippines and other destinations will be more than doubled.

HONG KONG Airlines

The airline announced that it would increase fuel surcharges up to 35% starting March 12. The biggest increases would be on flights between Hong Kong, Bangladesh, and Nepal where the charges would go from HK$284 to HK$384 (US$49).

British Airways' owner IAG stated on March 10, that it does not intend to increase ticket price immediately as it has hedged a large amount of fuel in the short to medium term.

INDIGO

India's largest airline announced that it will begin charging fuel fees on both domestic and international flights as of March 14. The charges include 900 rupees per flight to the Middle East, and 2,300 rupees per flight to Europe. Sources say that the company is lobbying for fuel tax reductions by the Indian government.

JETBLUE AERWAYS

As a result of "rising operating expenses", the low-cost carrier in the United States has increased fees for optional services, such as checked baggage. The airline said that baggage prices would rise either by $4 or $9.

Sources with knowledge on the subject have confirmed that KOREAN will be in emergency mode as of April due to rising oil costs. The airline will implement a phased response based on the oil price level and increase company-wide efficiency to offset rising fuel costs.

PAKISTAN INTERNATIONAL FLIGHTS

The carrier announced that it would increase domestic flight fares up to $20, and international fares up to $100. It cited higher fuel surcharges.

Scandinavian Airlines announced that it would cancel 1,00 flights in April due to high jet fuel and oil prices. In March, the airline had cancelled "couples of hundred" flights.

SAS, which has already raised flight prices, stated that even if they tried to absorb rising fuel costs, the price increase would still be a major blow to the aviation industry.

SPRING AIRLINES

Budget Chinese airline announced that it will increase fuel surcharges for domestic flights starting April 5. Details to be announced in due course.

SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWEST SOUTHWAST AIRLINES

The American carrier announced that it would increase the fees for checked bags by $10 each for the first two bags. This will bring the cost to $45 and $55 respectively for the first bag.

The Portuguese airline claimed that its price increases would partially offset the impact of fuel prices changes on its revenues.

THAI AIRWAYS

The airline based in Thailand said that it would increase fares between 10% and 15% due to rising fuel prices.

TURKISH AIRLINES LUFTHANSA

SunExpress, the joint venture between Turkish Airlines, Lufthansa and Lufthansa announced that it would be imposing a temporary fuel charge of 10 euros per person from May 1, on routes between Turkey and Europe. The fuel surcharge will be applied to all bookings made after April 1, for departures after May 1.

UNITED AIRLINES

Scott Kirby, CEO of the U.S. carrier, said that the airline will cut unprofitable flights in the next two quarters to prepare for the oil price remaining above $100 by the end 2027.

Andrew Nocella, United's Chief Commercial Officer, said that the company was able to increase fares in response to a rapid rise in jet fuel and oil prices.

In a statement sent via email, the carrier said that it would also be increasing the first and second checked bags fees by $10 to customers traveling in North America, Mexico, Canada, and Latin America.

VIETJET

A potential fuel shortage has led to the Vietnamese budget airline reducing flight frequencies on certain routes.

VIETNAM Airlines

Vietnam's Aviation Authority announced that the carrier will cancel 23 flights per day on domestic routes starting in April after it requested assistance from the government to remove an environment tax on jet fuel.

VIRGIN AUSTRALIA

Virgin Australia announced that it would be adjusting its fares in order to reflect the rising costs across the aviation industry, which were being exacerbated significantly by the Middle East situation.

WESTJET

Canadian Press reported that the airline would add a fuel surcharge of C$60 ($43), and will combine some flights to reduce costs.

(source: Reuters)