People should buy their airline tickets “as soon as possible” to avoid the risk of higher fares due to rising oil prices, Spain’s industry and tourism minister has warned.
“What we’re recommending is that people buy their tickets now because it’s true that airlines are currently using kerosene that was purchased some time ago, and therefore there’s an element of price fluctuations involved,” Jordi Hereu told the Spanish newspaper Expansion.
“It’s already clear that prices have risen and this could affect demand,” he added.
Disruption to global oil supplies has pushed prices up by around 50% since the US and Israel launched strikes on Iran on 28 February.
Rising oil prices have added more than $100 to the price of long-haul flights from Europe – a cost likely to trigger higher ticket prices, campaign group Transport & Environment said last week.
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