ITA Airways has no plans to cut flights because of rising jet fuel prices, its chief executive said on Tuesday, adding that the group has 80% of its fuel needs covered for the rest of the year. However, the Italian carrier, controlled by Lufthansa, is looking to increase ticket prices this year by between 5% and 10% to compensate for the surge in fuel costs resulting from the U.S.-Israeli war on Iran, CEO Joerg Eberhart said.
Airlines in Asia and Europe have raised fares, added fuel surcharges, adjusted schedules and revised financial outlooks as conflict in the Middle East drives jet fuel costs sharply higher and disrupts major air routes.
