Soaring costs of aviation fuel is set to result in a spike in flight prices worldwide, CEO of Aer Lingus has warned.
Lynne Embleton says the price of fuel accounts for around 25-30% of the overall costs for airlines. While buying fuel in advance is currently keeping the cost at bay, it won't be long before flight prices will have to increase.
The airline boss told RTE this morning: "When fuel price goes up it is inevitable eventually that will be passed through to customers."
