Business Insider
US · 59 mins ago
◉ Centre
This is how much airlines pay to fuel passenger jets as oil tops $100 a barrel — and what it means for ticket prices
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◉ Centre ⚠ Misleading headline
Airlines face significantly higher fuel costs as oil prices exceed $100 per barrel, with estimates showing A380 fuelling costs have risen 61% from pre-war levels, potentially impacting ticket prices.
This is how much airlines pay to fuel passenger jets as oil tops $100 a barrel — and what it means for ticket prices
Airlines are spending significantly more on fuel as oil tops $100 per barrel amid the war in Iran.
Al Drago/Getty Images
The price to fill commercial jetliners has nearly doubled as the Strait of Hormuz remains closed.
It costs about $340,000 to fully fuel an Airbus A380, an increase of about 61% from pre-war levels.
JP Morgan analysts said they expect oil to cost "in the low $100s" per barrel through 2026.
Filling a Boeing 747 now costs more than a quarter million dollars as oil tops $100 a b
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