In the week ending on April 10, jet fuel prices reached nearly US$198, about double pre-war levels. This spike in fuel costs has forced airlines worldwide to cut frequencies, reduce capacity, and raise fares. For instance, Vietnam Airlines has cancelled 23 flights per week due to jet fuel shortages.

Air New Zealand has also made consolidations affecting about 4 percent of its flights and 1 percent of its passengers. Indian carriers like IndiGo have reduced operations from around 40 flights a day to fewer than 10, reflecting the broader impact of rising fuel costs on the industry.

Raheesh Babu, a representative from the airline sector, noted, “Demand is there — supply is the issue.” This sentiment is echoed by Sudeesh, who stated, “There is still no additional supply.” The current situation underscores the critical role that jet fuel plays in airline operations, accounting for as much as 40 percent of operating expenses during crisis periods.

Gloria Guevara, from Collette, remarked, “Collette joins WTTC at a time when travellers are seeking more purposeful and enriching experiences.” This highlights a shift in consumer preferences even as operational challenges persist.

Looking ahead, Babu indicated that if there is a permanent ceasefire within the next week or two, supply could recover quickly. However, details remain unconfirmed regarding the broader implications of these developments on the travel industry.

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