Fuel prices soar: Airlines expected to raise ticket prices

A sharp rise in jet fuel prices is forcing major US airlines to raise prices. The collapse of low-cost carriers reduces competition, allowing larger airlines to pass the cost on to passengers. The price hike is expected to also affect flights to and from Israel.

A sharp rise in jet fuel prices is forcing major US airlines, including Southwest, American, and United, to cut profit forecasts and raise ticket prices. The cost is being passed directly to passengers, with double-digit price increases already recorded in the US. Meanwhile, the collapse of ultra-low-cost carriers like Spirit Airlines is reducing competition and allowing larger airlines to raise prices. Experts estimate that fuel prices will remain high at least until 2027, threatening the remaining low-cost carriers. The price hike is expected to soon affect flights to and from Israel as well.