Economy · World
Jet fuel costs may drive airfares up by 25%
Global jet fuel supplies are under pressure due to geopolitical events and refinery issues, according to a McKinsey report. This is leading to increased costs for airlines, with potential airfare increases of 20-25% anticipated. Low inventories are exacerbating the situation, with key exporting regions facing constraints.
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- Centre (2): NDTV, The Times of India