FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge

March 18 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.

Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an industry where fuel accounts for up to a quarter of operating expenses.

Below is a list of how airlines are responding, in alphabetical order:

AEGEAN AIRLINES AGNr.AT

The Greek airline said on March 12 that it expected suspended Middle East flights and a sharp spike in fuel prices to have a "notable impact" on its first-quarter results.

AIR FRANCE-KLM AIRF.PA

The French airline said on March 12 in planned to increase long-haul tickets prices to address surging jet fuel costs. It said cabin fares would rise by 50 euros ($57) per round trip.

AIR NEW ZEALAND AIR.NZ

The airline was one of the first to announce broad increases to ticket prices on March 10. It also suspended its fiscal 2026 earnings forecast due to unprecedented volatility in global jet fuel markets.

The price hikes for one-way economy fares are set at NZ$10 ($6) on domestic routes, NZ$20 on short-haul international services and NZ$90 on long-haul flights, with further price, network and schedule changes possible if fuel costs remain elevated.

AKASA AIR

India's Akasa Air said on March 14 it was introducing a fuel surcharge ranging between 199-1,300 Indian rupees ($2-$14) on domestic and international flights.

AMERICAN AIRLINES AAL.O

The U.S. carrier said on March 17 it expected a $400 million increase in first-quarter expenses as jet fuel prices surge.

CATHAY PACIFIC 0293.HK

The Hong Kong airline said on March 12 it would raise fuel surcharges on all routes from March 18, citing a doubling of jet fuel prices since the start of the month.

Earlier in March, the carried said it reviewed fuel surcharges monthly and had kept them steady last month at $72.90 for flights between Hong Kong and Europe or North America.

CEBU AIR CEB.PS

The Philippines-based airline said on March 13 the sharp rise in fuel prices was a key concern and it would continue to review its pricing and network strategies to mitigate the negative impact.

FRONTIER AIRLINES ULCC.O

The American airline has taken its full-year forecast under review, it said on March 17, as jet fuel prices have increased significantly since it issued the outlook.

HONG KONG AIRLINES

The airline said it would raise fuel surcharges by up to 35.2% from March 12, with the sharpest increase on flights between Hong Kong and the Maldives, Bangladesh and Nepal, where charges would rise to HK$384 ($49) from HK$284.

IAG ICAG.L

British Airways-owner IAG said on March 10 it was not planning to hike ticket prices immediately, as it had hedged much of its fuel for the short- to medium-term.

INDIGO INAC.O

India's biggest airline said it would introduce fuel charges on domestic and international flights from March 14, including a charge of 900 rupees to flights to the Middle East and a charge of 2,300 rupees for flights to Europe.

The company is also lobbying the Indian government to cut fuel taxes, sources told Reuters .

PAKISTAN INTERNATIONAL AIRLINES

The Pakistani carrier said on March 12 it would raise domestic and international flight fares by $20 and up to $100, respectively, citing higher fuel surcharges.

QANTAS AIRWAYS QAN.AX

The Australian airline said on March 10 it would hike fares on its international routes and was considering adding capacity on its existing Europe routes in the coming months.

SAS

The Scandinavian airline said on March 17 that it would cancel 1,000 flights in April because of high oil and jet fuel prices. For March, the airline said it had cancelled a "couple hundred" flights.

SAS, which had already increased flight prices, said that even if it tried to absorb the rising fuel costs, the price surge would still be a strike to the aviation industry.

THAI AIRWAYS THAI.BK

The Thailand-based carrier said on March 11 it would raise fares by 10-15% to address rising fuel costs.

UNITED AIRLINES UAL.O

United's CEO Scott Kirby said on March 6 he expected a "meaningful" hit to the carrier's first-quarter results from the surging fuel prices.

VIETNAM AIRLINES HVN.HM

The airline said it had requested government assistance to remove an environmental tax on jet fuel, as operating costs for Vietnamese airlines have surged by around 70% due to jet fuel prices rise, according to local officials.

($1 = 0.8724 euros)

($1 = 92.7040 Indian rupees)

($1 = 7.8380 Hong Kong dollars)

($1 = 1.7144 New Zealand dollars)