Before the conflict, an economy class ticket on Cathay Pacific from Sydney to London would cost about $1,370.
It now costs more than $2,000 thanks to yet another fuel surcharge – and on some days, it’s over $3,500.
Before the US-Israeli war with Iran started, the global airline industry had forecast record profits of $41 billion for 2026.
But with the price of jet fuel more than doubling, carriers are under pressure and scrambling to cope.
Carriers ranging from Air New Zealand to Vietnam Airlines have started cutting flights.
Korean Air is shifting to “emergency management mode” to…