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The Independent UK

Natalie Wilson

Airlines face extra $100bn jet fuel bill as flights cancelled worldwide

IATA Willie Walsh Spirit Airlines

Spirit Airlines ceased operations following a surge in jet fuel prices - (Getty Images)

Airlines will spend an extra $100bn on jet fuel this year as oil prices jump following the Iran war, the International Air Transport Association (Iata) has warned.

Willie Walsh, Iata director general, said jet fuel prices are expected to be 70 per cent higher year on year, at the 2026 Iata Annual General Meeting in Rio de Janeiro, Brazil.

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