Australia’s Qantas Airways QAN.AX, Scandinavia’s SAS and Air New Zealand AIR.NZ announced airfare hikes on Tuesday, blaming an abrupt spike in the cost of fuel caused by the Middle East conflict that is rattling global aviation.
Jet fuel prices, which were around $85 to $90 per barrel before U.S.-Israeli strikes on Iran, have soared to between $150 and $200, New Zealand’s flag carrier said as it suspended its financial outlook
