The chief executive of British Airways (BA), Sean Doyle, has warned that flight prices will soar if jet fuel costs remain high.
Speaking to the Financial Times (FT) at the International Air Transport Association (IATA)’s yearly meeting, Doyle said “there’s no getting away from [the reality that] if fuel goes up, fares have to go up”.
According to The Guardian, at the same meeting, IATA’s director general, Willie Walsh, said: “High oil prices will inevitably mean higher ticket prices... There’s just no way to avoid that.”
Jet fuel costs have reportedly doubled since the closure of the key shipping route, the Strait of Hormuz, as a result of conflict in the Middle East.
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