Why is the fuel cost of aircraft rising?

With the relaxation of the epidemic policy, many people also want to travel in the summer vacation, but when booking air tickets, they found that the fuel cost of airport infrastructure is even more expensive than an air ticket, which shocked many people and made them give up the idea of buying air tickets. So why is this happening? Let Bian Xiao introduce it.

Why is the fuel surcharge for air tickets rising? This fuel surcharge is actually the fuel price change surcharge used by airlines. Moreover, this surcharge can be determined by the airline itself within the prescribed scope. When the airline's fuel purchase exceeds the benchmark oil price, then this part of the cost will be properly compensated by charging the passenger's fuel surcharge. Due to the rapid rise in international oil prices, the fuel prices purchased by airlines have also risen sharply. Therefore, with the gradual increase of jet fuel prices, more and more fuel surcharges are charged, and according to the previous trend of jet fuel prices, the increase is still expanding, so the fuel surcharges may continue to grow.

In addition to the rise in crude oil prices, it is also related to the impact of other industries on the aviation industry in recent years, especially after the outbreak of the epidemic, because people travel less, the efficiency of airlines has also declined. Although the fuel decreases with the decrease of operation, the cost is still high. So because the cost is too high, once the oil price rises sharply, the operating cost will rise sharply. Therefore, in order to prevent airlines from losing too much, the fuel surcharge will be raised appropriately. Therefore, with the increase of fuel surcharge, many young passengers may choose more economical travel equipment such as high-speed rail, which also reduces the operational efficiency of airlines to some extent.

As far as the international crude oil price is concerned, if there is no price, there is likely to be a certain correction in the later period. Then, with the decrease of crude oil price, the cost of jet fuel will also decrease, and the fuel surcharge that passengers need to pay may also fall back.