Global Jet Fuel Surges Drive Airfare Hikes and Flight Cancellations

A global surge in aviation fuel costs, triggered by conflict involving Iran and U.S. strikes on February 28, has led to widespread airfare increases and operational disruptions. In the United States, regional airports reported jet fuel cost spikes ranging from 35% at Shenandoah Valley Regional Airport to as high as 85%, resulting in higher ticket prices, increased baggage fees, and frequent delays.

The Government of India and its state-owned oil companies increased jet fuel prices for international airlines by 5% on May 1, 2026, marking the second consecutive monthly increase. In Delhi, prices rose by USD 76.55 per kilolitre to USD 1,511.86. Concurrently, the Ministry of Minority Affairs implemented a ₹10,000 (approximately $100) airfare increase for Haj pilgrims. Minority Affairs Minister Kiren Rijiju defended the hike as a necessary measure to address rising fuel prices and claimed the government intervened to prevent airlines from demanding increases of $300–$400 per person, though opposition leaders Asaduddin Owaisi and Imran Pratapgarhi criticized the financial burden on pilgrims.

In South Korea, travelers faced nearly doubled fuel surcharges as carriers like Korean Air and Jeju Air raised international ticket fees. To manage rising operating expenses, Asiana Airlines, Jin Air, and Air Premia canceled or suspended numerous international flights, including routes to Los Angeles, San Francisco, and Honolulu.