Will Your Flight Tickets Get Costlier? What We Know About Possible Fare Surge

Last Updated:June 24, 2026, 17:11 IST

Geopolitical disruption and refinery cuts are tightening jet fuel supply, lifting crack spreads and likely pushing airline ticket prices higher ahead of summer.

Geopolitical disruption and refinery constraints are impacting jet fuel supply, which raises airline costs and could translate into higher crack spreads, thereby pushing airfares, according to a McKinsey report.

Noting jet fuel demand is set to rise ahead of the summer travel season amid depleted inventories, the report highlighted fuel prices have surged mainly due to crude oil trends, while supply has been constrained airline ticket prices.

According to the report, jet fuel prices have surged mainly due to crude oil trends, while supply has been constrained because of reduced refinery production from major Gulf-region and Asian jet fuel exporters (which together supply 40 per cent of the world’s jet fuel).

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