HONG KONG/GDANSK - As a sharp rise in oil prices rattles global transport markets, airlines face an additional threat: the price of jet fuel has risen far faster than crude prices.Even airlines that use hedging contracts to protect against sudden spikes in oil prices are rapidly announcing fare hikes, fuel surcharges and capacity cuts as they grapple with an unprecedented jump in refining margins since the start of the U.S.-Israeli war on Iran.Jet fuel prices normally move in tandem with oil prices, but they have doubled since the Iran conflict, far outpacing a one-third rise in crude pri…READ FULL ARTICLE
