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BBC News | Higher Europe air fares 'inevitable', says industry head
AI generated summary, Read the full article for complete information.
Higher ticket prices for European air travelers are “inevitable,” says IATA chief Willie Walsh, who blames soaring jet‑fuel costs tied to the conflict in the Middle East and the closure of the Strait of Hormuz. While some airlines have briefly cut fares to boost demand, Walsh warns that airlines cannot absorb the extra expenses and that price hikes will become widespread, possibly lasting into next year. The UK faces particular timing concerns, with fuel demand expected to surge in the summer months, though officials stress there is no immediate shortage and that fuel stocks and alternative supplies are being arranged. The EU has indicated US‑grade jet fuel could be used if managed carefully, and both the government and travel operators such as TUI are monitoring the situation to avoid major disruptions.
Read more: https://www.bbc.com/news/articles/clyprnelzxzo?at_medium=RSS&at_campaign=rss
#WillieWalsh #IATA #BBC #EuropeanUnion #DanJorgensen #TUI #SebastienEbel #
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