Following the doubling of jet fuel prices, air ticket and freight expenses are projected to rise, threatening to impede the aviation industry’s recovery from the coronavirus crisis.
According to data from the International Air Transport Association and Platts, jet fuel prices have doubled in the last year to $ 750 (Sh83,100) per metric tonne.
Kenyan airline operators have stated that in order to stay afloat, they will seek to pass on the increased costs to customers, a move that is expected to further reduce the number of people wishing to travel by air.
While expecting low passenger numbers, Mr. Alex Avedi, the chief executive officer of Safarilink Airline, stated they had no choice but to raise the fees.
Due to the instability in the oil market last year, most airlines stopped insuring future fuel use, leaving them more vulnerable than usual to subsequent increases in oil prices.
