As Iran war closes Middle East skies, how high can Cathay Pacific fares fly?
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Cathay Pacific airfares have surged on routes to Hong Kong from over 50 cities due to the ongoing conflict in Iran and the closure of Middle Eastern airspace. This has forced airlines and passengers to reroute flights, increasing demand and prices. A South China Morning Post investigation found that the average cheapest ticket price for flights departing from Saturday onwards has increased by 93% compared to typical prices. The steepest increases were observed on European routes, with business-class tickets from London and Madrid seeing price hikes of approximately 600% and 500% respectively. The conflict has impacted routes across Europe, Asia-Pacific, the Americas, and Africa, excluding the Middle East, mainland China, and Taiwan.
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