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Business·28/4/2026Resumen IA
European Flight Prices Falling Amid Customer Hesitancy Over US-Israel War With Iran
European flight prices are falling as airlines offer discounts to overcome customer hesitancy about the economic impact of the US-Israel war with Iran, Wizz Air CEO József Váradi said. Jet fuel prices surged from $831 to $1800 per metric tonne since late February, though they've settled at around $1500. Europe imports more than half its jet fuel from the Gulf region, but supplies have been blocked by the closure of the Strait of Hormuz for eight weeks. While many airlines are raising prices or cutting flights, European carriers can temporarily reduce fares because they purchased fuel at pre-war prices through hedging policies. Spain's tourism minister has recommended buying tickets now to avoid potential price increases.
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BBC Business2 min de lectura
