The surge in global jet fuel prices is intensifying the financial strain on airlines operating in Morocco, potentially leading to increased ticket prices in the near future. An industry insider has highlighted that the rising costs are significantly influenced by the ongoing conflict in the Middle East, which has resulted in a dramatic spike in fuel prices that airlines worldwide are struggling to manage. According to a recent report by Reuters, the increase in jet fuel prices has outpaced that of crude oil, with certain benchmarks doubling since the onset of the conflict. This situation is compelling airlines to consider fare hikes, implement fuel surcharges, and even reduce their flight capacities to mitigate the impact of these soaring costs.
Fuel expenses represent one of the largest financial burdens for airlines, typically accounting for approximately 25% to 30% of total operational costs, as noted by the International Air Transport Association (IATA). In light of these circumstances, while Royal Air Maroc has yet to officially announce any ticket price increases, the persistent high prices of oil and jet fuel suggest that Moroccan airlines will inevitably encounter similar market pressures that are already affecting their international counterparts.
As reported by en.hespress.com.
