Virgin Australia is adjusting fares as rising costs across the aviation sector are “exacerbated by ​the situation in the Middle East”, ‌the Australian carrier said in a statement to Reuters on Friday. Here are some details: The airline said on ​Friday costs across the aviation sector continue ​to rise, now significantly exacerbated by the ⁠situation in the Middle East. Shares of the ​company closed 5% lower after dropping as much ​as 6.2% to their record low level of A$2.42 during the session. The company’s stock has shed 22% since ​the start of the Middle East conflict ​in February end. The airline said its services operated by ‌ Qatar ⁠Airways remain impacted by the Middle East situation, with services cancelled up to and including at least Saturday, 28 March 2026, its website showed. Virgin ​Australia in February ​said it ⁠was hedging 85% of fuel and 94% of foreign exchange for ​the second half of its financial year. Virgin, in ​its ⁠first half results in February, highlighted that cost pressures persist across the industry, with costs ⁠growing ​above inflation in several areas ​of the aviation supply chain, including airport charges and maintenance.