Some European airlines have already responded to the problem by cancelling flightsHolidaymakers could face higher air fares following the surge in oil prices sparked by the war in the Middle East, airline chiefs predicted on Wednesday. Jet fuel prices have soared 50 per cent since the US and Israel struck Iran four weeks ago, according to Irishman Willie Walsh, chief executive of the International Air Transport Association. Walsh pointed out that fuel accounts for 26 to 27 per cent of airlines’ costs. “There’s a very strong possibility that you will lose flights to New York, that you will lose flights to the US, absolutely,” he warned. Sununu was answering questions on likely retaliation if US airlines lose flight slots to Dublin as a result of the cap.

Source: The Irish Times March 26, 2026 04:15 UTC