The wing of a Middle East Airlines plane. (Illustrative photo: Matthieu Karam/L’Orient Today)
The increase in airfare prices, in Lebanon and much of the world, is one of the few certainties of the war that has torn apart the Middle East for more than a month. It is explained by the sharp rise in hydrocarbon prices, linked to the blockade of the Strait of Hormuz, the main transit route for global fuel, which has more than doubled the price of kerosene since the beginning of the year — about $200 depending on the country, with the final cost varying with refining, transportation, and local taxes.Willie Walsh, director general of the International Air Transport Association (IATA), said in a recent statement that "the sharp rise in fuel prices, shortages in certain regions, and disruptions in Gulf freight hubs" were all factors inevitably pushing up the cost of air transportation, whether for passengers or cargo. Read...
The increase in airfare prices, in Lebanon and much of the world, is one of the few certainties of the war that has torn apart the Middle East for more than a month. It is explained by the sharp rise in hydrocarbon prices, linked to the blockade of the Strait of Hormuz, the main transit route for global fuel, which has more than doubled the price of kerosene since the beginning of the year — about $200 depending on the country, with the final cost varying with refining, transportation, and local taxes.Willie Walsh, director general of the International Air Transport Association (IATA), said in a recent statement that "the sharp rise in fuel prices, shortages in certain regions, and disruptions in Gulf freight hubs" were all factors inevitably pushing up the cost of air transportation, whether for passengers or cargo. Read...
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