United Airlines CEO said U.S. airfares could soon rise as Iran war drives up oil prices

March 7, 2026

TL;DR

Global oil prices have surged due to the Iran war, impacting jet fuel costs.
United Airlines CEO expects rising fuel costs to affect financial results and airfares.
Travel industry analyst confirms seeing ticket prices creep up, particularly for premium seats.
Some airlines are adding fuel surcharges to long-haul international routes.
Jet fuel prices have increased significantly, accounting for a substantial portion of airline operating expenses.
The closure of the Strait of Hormuz and supply disruptions are contributing to soaring jet fuel prices.
War-related constraints on oil and gas could lead to broader inflationary pressures.
Airlines are also facing lost revenue from canceled or diverted flights in the Middle East and increased operating costs from longer routings.

Continue reading the original article