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Jet fuel price @ USD$200/100 UGL in KLIA today based on live rates. Cheap flight to Holland soon :-| Previous advance ticket sales will be in losses and high fuel surcharge will curb travel demand and can also result in grounded aeroplanes.
russia ukraine conflicts back in 2022 will be a good reference point. Oil price went up to 120 too and came down thereafter. If the current US Iran conflict pushed the price down, it should be up pushed up eventually :)