“Get your wallets ready” / A sharp increase in ticket prices is being warned about

The increase in airplane ticket prices for travelers in Europe is “inevitable” due to the high cost of jet fuel, according to the head of the International Air Transport Association (IATA).

Although some airlines have recently lowered flight fares in Europe due to a lack of demand, Willie Walsh said there was no way airlines could absorb these additional costs in the long term.

However, he pointed out that even if the Strait of Hormuz were reopened tomorrow, the impact of disruptions caused by the conflict in the Middle East could still be felt next year.

A government spokesperson said that British airlines “are clear that they are currently not facing a shortage of jet fuel.”

The closure of the Strait of Hormuz as a result of the conflict in Iran has had a dramatic impact on jet fuel prices and has raised concerns about possible shortages in the coming months.

Last week, for example, the European Union said there was no regulatory reason why American jet fuel should not be used by European airlines, as long as its use was carefully managed.

On Wednesday, European Commissioner for Energy Dan Jorgensen said he did not expect serious shortages in the short term, but did not rule out supply problems in the longer term. Tui chief executive Sebastien Ebel also said he did not expect shortages during the coming months.

Europe, and particularly the United Kingdom, usually depend heavily on imports from the region and are trying to find alternative supplies.

“KORÇA BOOM”