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The New Daily

World

Matthew Elmas

‘Massive uplift’: Pricier airfares coming as Ukraine war pushes oil prices higher

Ukraine United States United Kingdom ACCC Qantas Alan Joyce Australia

Qantas is preparing to hike airfares in response to skyrocketing fuel costs. Photo: AAP

Australians are facing steep rises in airfares this year as the Ukraine war pushes up jet fuel costs for airlines – ending a brief period of declining prices.

Qantas boss Alan Joyce, the consumer watchdog and other third-party experts are all warning price rises are coming, with jet fuel prices hitting eight-year highs this week, driven by constraints on Russian oil supplies.

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