IndiGo Joins Air India In Introducing Fuel Surcharge On Domestic And International Flights

Willie Walsh, director general of the International Air Transport Association industry group, earlier told news agency Reuters that airfares could rise by up to 9%. Follow Iran-US war live updates here.

Notably, fuel costs account for roughly one-quarter of airlines' total costs. At the same time, more flights are seeking routes that avoid West Asia, which is also driving up ticket prices.

A fuel surcharge is an additional fee added to an airline ticket to cover rising fuel costs, especially when jet fuel prices rise sharply.