British Airways CEO Sean Doyle said at the IATA annual meeting in Rio that sustained high jet-fuel prices would force ticket-price increases. Jet fuel has roughly doubled since February after the Iran war; the Strait of Hormuz remains closed despite ceasefire talks and handles about 40% of Europe’s jet-fuel supply. Global carriers have begun raising fares: Virgin Atlantic has added surcharges of £50 to economy, £180 to premium and £360 to top cabins. BA warned last month it would raise fares, no

British Airways CEO Sean Doyle said at the IATA annual meeting in Rio that sustained high jet-fuel prices would force ticket-price increases. Jet fuel has roughly doubled since February after the Iran war; the Strait of Hormuz remains closed despite ceasefire talks and handles about 40% of Europe’s jet-fuel supply. Global carriers have begun raising fares: Virgin Atlantic has added surcharges of £50 to economy, £180 to premium and £360 to top cabins. BA warned last month it would raise fares, notably in business class, to offset higher fuel costs.