Israeli news outlet N12 reports that the price of jet fuel is expected to rise by approximately 40% at the start of next week, a cost increase that airlines are likely to pass on to passengers, driving up flight ticket prices for August. The report follows a series of fuel price increases amid ongoing regional conflict and logistical disruptions at Ben Gurion Airport.
Israeli news outlet N12 reported Thursday evening that the price of jet fuel is expected to rise by approximately 40% at the start of next week, a development that is likely to be reflected in higher flight ticket prices for August. The report, attributed to the N12 business desk, cites the upcoming increase in the cost of jet fuel, which will be passed on to airlines and ultimately to passengers.
The Zioneer has previously documented the strain on fuel supply and air travel during the current conflict. On June 16, the director-general of the Israel Airports Authority warned that 100,000 July passenger tickets were at risk of cancellation due to a persistent shortage of fuel trucks at Ben Gurion Airport. Subsequent reports tracked a series of fuel price increases in Israel, with the price of gasoline reaching 8.09 shekels per liter in late July, and US airline fuel expenses surging 78% in April. The new N12 report suggests that the upward pressure on travel costs will persist into August, as jet fuel prices climb further.
The extent to which airlines will raise ticket prices remains unclear, as carriers may absorb some of the cost increase. The report did not specify the exact impact on ticket prices.
- StrongReport: Israel fuel price expected to rise 25-30 agorot per liter, near 7.75 shekels
- StrongChannel 14: Israeli fuel price to jump to 8.09 shekels per liter on Saturday night amid renewed Gulf conflict
- DevelopingU.S. airlines' fuel expenses surged 78% in April, DOT reports
- StrongN12's Dean Fisher: Emergency meeting warns 7 more fuel trucks would cancel 5,000 tickets daily at Ben Gurion
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