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Airline Ticket Prices at Risk of Rising 9% as Oil Market Spikes
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March 12, 2026
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3:34Now PlayingThe cost of plane tickets may jump as much as 9% as oil prices soar in the aftermath of the Middle East war, according to the leading aviation industry group.
“You’re looking at probably an 8% or 9% increase” in airfares, Willie Walsh, director general of the International Air Transport Association, said while attending a conference in Lima. “It’s inevitable that if oil prices remain high, then you will see higher ticket prices.”
Brent, the global oil benchmark, surged above $101 a barrel Thursday as two tankers were hit in Iraqi waters, the latest in a string of attacks on ships in the Persian Gulf. Fuel costs account for about a quarter of the expenses paid by carriers, Walsh said. Bloomberg's George Ferguson joins to discuss.
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