Air Freight #airfares#jet fuel
Airfares Could Rise Up to 25% as Jet Fuel Costs Surge, McKinsey Warns
A McKinsey report warns that jet fuel costs could surge due to geopolitical disruptions and refinery constraints, potentially raising airfares by 20-25%. The jet fuel crack spread may average over $50 per barrel in 2026, up from historical levels of $20 or less. Supply constraints are emerging from major exporters in the Gulf and Asia, with countries like China, India and South Korea restricting fuel exports.
Jun 24, 2026 1 source