Airlines may cut summer flights as jet fuel costs surge and fares bite passengers

Ticket prices are rising, demand is sliding

Rising airfares and high jet fuel costs are forcing airlines to trim schedules, threatening summer travel plans. Airports Council International says steep ticket prices are weakening passenger demand, and there’s little sign of near-term relief. Fuel pressure is also being worsened by disruptions around the Strait of Hormuz, squeezing airline profitability and capacity.