Struggling with high jet fuel prices, airlines likely to raise prices: Report

It seems like the rally in airline tickets will continue a while longer as airlines will factor in the hike in jet fuels.

“Airlines can no longer absorb the additional burden of costs… so, expect another hike (in airfares) on 15th of June. And this trend will continue,” an airline executive told The Economic Times.

Executives also said that prices are already affecting bookings and demand.

“Rise in ATF prices is a big concern for the industry and is impacting forward bookings due to the high fare environment,” ClearTrip head Gaurav Patwari told the publication.