Travelers face higher costs as jet fuel prices swing

UNITED STATES – A new reality is setting in for travelers worldwide: rising fares and fees, fewer flight options and difficult decisions about whether a trip is worth the cost. The culprit is volatile oil and jet fuel prices, which have spiked sharply since the war in the Middle East began and fighting near the Strait of Hormuz created a chokepoint for global oil supplies. “Volatility is the real story here,” said Shye Gilad, a former airline captain who now teaches at Georgetown University’s business school. “Right now, the airlines are trying to make bets on what they think will happen in the future.” READ: […]... Keep on reading: Travelers face higher costs as jet fuel prices swing

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