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Quilla NewsFinance & Technology
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AAPA warns high airfares could become "the new norm" as fuel prices surge

FinanceInternationalLos Angeles TimesAI summary
Image: Los Angeles Times

The director general of the Association of Asia Pacific Airlines (AAPA), Wong Hong, warned that high airfares could become the new norm as airlines grapple with a sharp rise in jet fuel prices and higher operating costs. He said fuel went from about $80 to about $180 per barrel and accounts for a third of operating costs. Major airlines in Asia-Pacific, Europe and North America have raised base fares or surcharges since the war with Iran began.

In 40 seconds

  • AAPA's Wong Hong said high fares could be a lasting feature rather than a temporary adjustment.
  • Jet fuel rose from about $80 to about $180 per barrel and equals a third of operating costs.
  • Airlines in Asia-Pacific, Europe and North America have raised base fares or surcharges since the war with Iran began.
Read the full story at Los Angeles Times

IASummary generated by artificial intelligence from a story by Los Angeles Times. It may contain errors: the original source prevails.

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