This chart on oil prices shows why Qantas and Virgin are cutting flights and raising fares
Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expensesFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThanks to the US-Israel war on Iran, filling up your car with petrol costs about 40% more than it did in February, and for diesel vehicles it’s closer to 80%.But even those painful increases pale in comparison to the extraordinary rise in the price of jet fuel, which has climbed by a 125% since the start of the Middle East conflict. Continue reading...
Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.