<div id="readability-page-1">Fuel costs soar: Jet fuel prices have nearly doubled since February, pushing airlines to hike fares, trim routes, and warn of continued price rises into 2027. Air India hit: Air India posted record losses, cut 27% of its international flights, and faces mounting pressure from operational disruptions and foreign rivals. Foreign rivals gain: Lufthansa, Cathay Pacific, and others are expanding in India, lifting foreign carriers’ market share as Air India retreats from key routes.</div>

<p>Jet fuel prices have nearly doubled since February, leading airlines to increase fares and reduce routes, with projections of continued price hikes into 2027. Air India has reported record losses, cutting 27% of its international flights, while foreign competitors like Lufthansa and Cathay Pacific are expanding in India, gaining market share as Air India withdraws from key routes.</p>

Iran war fuels record jet fuel prices and airfare hikes