SAA to adjust airfares as jet fuel prices increase amid Middle East conflict
As conflict in the Middle East continues to escalate, with implications for global jet fuel supply and pricing, local airline South African Airways (SAA) has reported that it will need to adjust its airfares.
In a March 11 media statement, SAA says it is closely monitoring developments, noting that the Middle East remains one of the world’s most critical connecting hubs, with volatility in the region having direct implications for airlines and travellers globally.
Notwithstanding these developments, the company says it does not anticipate any immediate disruption to fuel supply or availability.
It explains that South Africa sources aviation fuel through multiple supply channels, including domestic refining capacity and established import infrastructure, which provide resilience against potential regional supply volatility.
“We have begun receiving Jet A1 fuel hike notifications from fuel suppliers that have come into immediate effect and, given the substantial scale of these increases, it is impossible for the airline to absorb them entirely.”
The company explains that exact fare levels by route and cabin class will be published through the airline’s booking channels, global distribution systems and other distribution platforms with effect from March 12.
SAA clarifies that tickets already bought and issued prior to the effective date will be honoured at the fare paid.
“These adjustments are necessary to ensure the continued sustainability of our operations while maintaining safe, reliable service for our customers,” the airline says.
Other South African airlines have also had to adjust their airfares owing to the rising jet fuel prices.
FlySafair has introduced a temporary fuel surcharge for flights from March 12 to May 12.
As previously reported by Engineering News, fuel typically makes up 50% to 55% of FlySafair’s direct operating costs.
The company explained that it absorbed the cost increases since the conflict in the Middle East started nearly two weeks ago, but cannot further absorb costs without threatening its long-term viability and sustainability.
Airlink, meanwhile, has told news outlet News24 that the airline has already adjusted its air fares as jet fuel prices have increased. It intends to continue adjusting its air fares, as necessary.
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