This chart on oil prices shows why Qantas and Virgin are cutting flights and raising fares
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Source: Guardian Australia
Published: 2026-04-16 01:00 UTC+10:00
Section: Airline industry
Factuality Score: 100
Opinion Category: Neutral
Topics: Transport, Middle East, Military & Defence, Iran, Energy, Business & Economy, War & Conflict
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Snippet:
Price of jet fuel has climbed by 125% since start of Iran war – giving Qantas and Virgin a big challenge as fuel accounts for a fifth of expenses
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