MENU
  • Loading ...
  • Loading ...

Accommodation Cooktown

Latest News Accommodation Cooktown

Are you looking for a holiday? Get special deals.

Airlines may cut flight schedules as Iran tensions drive up fuel costs, experts warn

12 Mar 2026 By foxnews

Airlines may cut flight schedules as Iran tensions drive up fuel costs, experts warn
 

As the Iran conflict disrupts energy markets and squeezes jet-fuel supplies, there is a concern that airfares could rise in the weeks ahead.

Fuel traders are watching the Strait of Hormuz closely, as disruptions from U.S.-Israeli strikes and retaliatory Iranian drone and missile attacks could quickly ripple through global oil and gas flows, as Fox News Digital previously reported.

Jesse Neugarten, CEO of travel service Dollar Flight Club, told Fox News Digital the conflict in Iran is putting pressure on global oil markets - and fuel is one of the biggest costs for airlines.

MAJOR AIRLINE SUSPENDS ABU DHABI FLIGHTS UNTIL END OF YEAR AMID AIRSPACE 'UNCERTAINTY'

"If fuel prices stay elevated into the summer, travelers could start to see fewer cheap fares and slightly higher average ticket prices, especially on long-haul international routes," said Neugarten. 

Gary Leff, a Texas-based travel industry expert and author of the blog "View From the Wing," told Fox News Digital that higher fuel prices will raise airfare costs - making marginal flights no longer profitable to operate.

Leff said the issue will be that if fuel prices "force airlines to cut back on their schedules, passenger demand will chase fewer airline seats."

He added that "if demand falls because of a declining economy that can follow higher oil prices, or because of reduced business opportunities, that may balance out airline flight cuts - so airfares won't necessarily change," said Leff. 

"If demand drops even more than seat supply, we could see lower fares despite higher oil prices."

He wouldn't expect to see airlines trimming schedules significantly for travel, he said, in the next 90 days.

CLICK HERE TO SIGN UP FOR OUR LIFESTYLE NEWSLETTER

"Schedule changes happen further out most of the time, at least for larger airlines," said Leff. Still, he warned the biggest impact on prices will come in subsequent months, depending on how the war plays out.

Neugarten said travelers looking for spring and summer trips should book flights earlier than usual and stay flexible.

"If you see a good fare for a trip you know you want to take, it usually makes sense to lock it in," said Neugarten. "Most major airlines now allow free changes on many tickets, so if the price drops later, you can typically reprice and take the credit."

"According to our estimates, the Middle East exports a total of around 1.1 million barrels per day of aviation jet fuel, about 17% of what the world consumes," Jaime Brito, executive director of refining and oil products at OPIS, previously told Fox News Digital.

Brito said some airports have proportionately higher jet fuel consumption, pointing to Singapore and Frankfurt, so concentration and distance from suppliers create an additional layer of market jitters that is reflected in current prices.

TEST YOURSELF WITH OUR LATEST LIFESTYLE QUIZ

Even if tensions calm down and shipping lanes stay open, fuel contracts, shipping schedules and limited inventory can keep the disruption - and higher prices - in the supply chain.

CLICK HERE FOR MORE LIFESTYLE STORIES

Fox News Digital's Amanda Macias contributed reporting. 

More News

Booking.com
FBI warns about foreign apps and your data
FBI warns about foreign apps and your data
Humanoid robots hit mass production in China
Humanoid robots hit mass production in China
Child born during international flight to US sparks heated debate about citizenship, legal identity
Child born during international flight to US sparks heated debate about citizenship, legal identity
Valuable discovery in Egypt reveals 3,000-year-old scrolls with secret messages still unread
Valuable discovery in Egypt reveals 3,000-year-old scrolls with secret messages still unread
Tourist chaos erupts as cherry blossom festival is shut down, officials triple tax to curb crowds
Tourist chaos erupts as cherry blossom festival is shut down, officials triple tax to curb crowds
Lynette Hooker missing in Bahamas: Timeline of Michigan woman's disappearance, husband's arrest
Lynette Hooker missing in Bahamas: Timeline of Michigan woman's disappearance, husband's arrest
Five arrested in alleged $267M hospice fraud scheme that exploited California's Medi-Cal system
Five arrested in alleged $267M hospice fraud scheme that exploited California's Medi-Cal system
NATO chief says world is 'absolutely' safer under Trump
NATO chief says world is 'absolutely' safer under Trump
Plane door opens in midair moments after takeoff, leaving flight passengers stunned and social media buzzing
Plane door opens in midair moments after takeoff, leaving flight passengers stunned and social media buzzing
UK defense minister warns Putin of 'serious consequences' after covert underwater military operation
UK defense minister warns Putin of 'serious consequences' after covert underwater military operation
Nick Lachey recalls 98 Degrees tour bus having a book listing age of consent in every US state
Nick Lachey recalls 98 Degrees tour bus having a book listing age of consent in every US state
Charlotte train stabbing suspect's state case stalls amid mind control claims - but Uncle Sam says not so fast
Charlotte train stabbing suspect's state case stalls amid mind control claims - but Uncle Sam says not so fast
Nikki Glaser confesses she 'kinda likes it' when her boyfriend hooks up with other women
Nikki Glaser confesses she 'kinda likes it' when her boyfriend hooks up with other women
Boston University president apologizes after pride flag removal sparks backlash
Boston University president apologizes after pride flag removal sparks backlash
In-N-Out CEO says no to delivery and East Coast expansion: 'We won't compromise'
In-N-Out CEO says no to delivery and East Coast expansion: 'We won't compromise'
'Who's the Boss?' star Danny Pintauro trades Hollywood fame for delivery routes as industry stalls
'Who's the Boss?' star Danny Pintauro trades Hollywood fame for delivery routes as industry stalls
Florida woman who posed as nurse and treated more than 4,400 patients without a license avoids jail time
Florida woman who posed as nurse and treated more than 4,400 patients without a license avoids jail time
Israeli man built bomb lab for Iranian plot targeting ex-PM Bennett, authorities say
Israeli man built bomb lab for Iranian plot targeting ex-PM Bennett, authorities say
Artemis II pilot Victor Glover's daughter steals spotlight in viral tribute: 'First daughter of the moon'
Artemis II pilot Victor Glover's daughter steals spotlight in viral tribute: 'First daughter of the moon'
Megan Rapinoe says Geno Auriemma has 'added responsibility' of positive representation because he is White
Megan Rapinoe says Geno Auriemma has 'added responsibility' of positive representation because he is White
Latest News

copyright © 2026 Accommodation Cooktown.   All rights reserved.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z