•Global airfares are rising sharply due to escalating geopolitical tensions in the Middle East, particularly the Iran conflict.
•The conflict has unsettled energy markets, driving oil prices upward and threatening the Strait of Hormuz, a critical maritime chokepoint for global oil and gas.
•Aviation Turbine Fuel (ATF) accounts for 40% of airline operating costs; carriers are passing these increased expenses to passengers via higher ticket prices and fuel surcharges.
•India is already experiencing consequences, with LPG cylinder prices increasing and supply disruptions affecting households and businesses.
•Travelers can mitigate costs by booking early, using flexible tickets, tracking fares, redeeming reward points, and staying flexible with travel dates.
