Airfares could rise by up to 25% as jet fuel costs surge, says McKinsey

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Global jet fuel supplies are under pressure due to geopolitical events and refinery constraints, leading to rising costs for airlines. McKinsey forecasts airfare increases between 20-25% amid low inventories and restricted shipments from key exporters, posing challenges for the summer travel season.

Global jet fuel supplies are facing significant pressure due to geopolitical events and refinery limitations, according to McKinsey. This is driving up costs for airlines, with potential airfare hikes of 20-25% expected as fuel prices surge. Inventories remain low, and key exporting regions are restricting shipments, creating a challenging outlook for the summer travel season.