Vy från ett flygplanscockpit med instrumentpanel och landningsbana framför i dimma.

Caption: View from the cockpit over a runway approaching during flight in foggy weather.

Photo: PIxabay

Why air fares have not surged despite the oil crisis

When Iran closed the Strait of Hormuz in connection with the outbreak of war on 28 February, several analysts warned of oil prices of up to 200 dollars a barrel. More than three months later, that scenario has still not become reality.

Camilla Jonsson Camilla Jonsson

Published 7 June 2026 - 14:50

flights china aviation air fares the oil crisis the strait of hormuz usa

En man i kostym står framför en kustvy med klippor, grönska och en liten strandvik.

PREMIUM

New codeshare agreement gives SAS customers access to Bali

SAS continues to expand its network in Asia through new partnerships. The airline has now signed a codeshare agreement with Indonesia’s national carrier Garuda Indonesia, giving SAS travellers improved access to destinations such as Jakarta and Bali.

En man i ljus skjorta och slips sitter vid ett vitt bord i ett ljust kontorsrum.

PREMIUM

“Another year of disappointment” - IATA lashes out at governments and oil companies

Dukat bord i ett privat jetplan med champagneflaska, glas, sallad och fönster i bakgrunden.

PREMIUM

Private aviation heads for a record year

**A small airplane is seen against a cloudy blue sky.**

PREMIUM

IATA warns: airlines' profits halved after the fuel shock

The airline industry's profits are expected to fall sharply in 2026 after the steep rise in aviation fuel prices as a result of the war between Iran and Israel. This is shown in the latest forecast from industry body IATA.

Cyklar står parkerade vid en kanal med båtar och träd längs vattnet i Amsterdam.

PREMIUM

Amsterdam raises hotel tax to 20 per cent

Amsterdam’s politicians want to gradually raise the hotel tax from the current 12.5 per cent to 20 per cent by 2030, while also moving cruise ships away from the city centre.

Tre personer springer och badar i vågorna vid en kuststrand med berg och klart blått vatten.

Gen Z is driving the All Inclusive boom

According to new booking statistics from TUI, nearly half of all travellers aged 18 to 29 now choose to book All Inclusive.

TUI Airways commercial aeroplane on final approach with landing gear extended.

PREMIUM

Norse cuts capacity and fills aircraft

Norse Atlantic Airways reports a clear improvement in revenue per available seat kilometre (TRASK) in May. According to the company, TRASK rose to 5.4 US cents, an increase of 20 per cent compared with the same month last year.

PREMIUM

Why air fares have not surged despite the oil crisis

En kvinna i gul topp står framför ett Qatar Airways-plan mot blå himmel.

PREMIUM

The Swedish Consumer Agency puts pressure on Qatar Airways over refunds (Norwegian can breathe a sigh of relief)

Qatar Airways refuses refunds for cancelled flights if the ticket was bought through a travel agency. The Swedish Consumer Agency is due to meet the airline on Monday.

Eivind Roald stands with Norse staff in the aisle of an aircraft cabin with rows of empty seats.

PREMIUM

Norse pays over 150 million for billion-krona rescue

Norse Atlantic Airways is paying a high price for the billion-krona share issue that will secure the airline’s continued operations.

Close-up of a Finnair passenger jet fuselage and engine on an airport apron.

Asia lifted Finnair in May

Finnair had 1.09 million passengers in May, an increase of 7.4 per cent compared with the same month last year. Growth was strongest on the Asian routes, while traffic in Europe also developed positively.

A Norwegian plane takes off against a colourful sunset sky.

Norwegian enters into new billion-krona agreement with the Swedish state

The public administrative authority Kammarkollegiet carried out the procurement, and the agreement applies to government agencies under the government as well as agencies under the Riksdag and other publicly governed bodies such as public agencies, colleges and universities.

Tre personer samtalar vid ett bord med broschyrer och skyltar på en mässa.

Travel News Market Finland praised for good meetings and strong business value

Travel News Market Finland 2026 receives consistently high marks from both exhibitors and buyers. Participants particularly highlight the quality of the meetings, the event, the digital booking platform and the opportunity to make new business contacts.