Asia

Australia’s Qantas Airways and Air New Zealand said on Tuesday (Mar 10) they are hiking fares due to the Middle East conflict, underscoring how global airlines are struggling to cope with the sudden and soaring costs of fuel.Jet fuel prices, which were around US$85 to US$90 per barrel prior to the conflict, have increased sharply to between US$150 and US$200 per barrel in recent days, New Zealand’s flag carrier said, adding it was suspending its financial outlook for 2026 due to uncertainty over the conflict.The US-Israeli war on Iran has sent oil prices surging, upending global travel and sparking fears…

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