Rising Jet Fuel Prices to Hike Summer Airfares

Jet fuel prices surge nearly 60% in the past week due to Middle East tensions and oil hitting $100 per barrel, driving up summer airfares across Canada and beyond. Airlines face slim 3% profit margins, prompting fuel surcharges on tickets, with domestic travelers noticing hikes around Victoria Day. International flights already reflect higher demand and reduced Middle East carrier capacity. A Calgary-to-Montreal round-trip on WestJet costs about $340 before taxes and extras like luggage.