Turbulence in the fuel markets caused by the US-Israel war on Iran is hitting African airlines hard. Jet fuel prices are soaring worldwide but Africa is particularly exposed. For African airlines, jet fuel accounts between 30 to 40 percent of operating costs - a far greater percentage than many other carriers. For low-cost African airlines, fuel can account for up to 55 percent of operating expenses, increasing the financial strain of the current crisis. Operators can’t quote flights too far in advance, at the risk of losing money if fuel prices spike.

Source: Ethiopian News March 22, 2026 15:21 UTC