00:02Airlines are always hardest hit by any fuel crisis and this is no exception.
00:08International airfares, particularly to Northern Europe, to Europe, are significantly higher
00:14and there's less availability.
00:17Qantas and Virgin Australia are raising prices and streamlining domestic services
00:21while on international routes a dramatic reshuffle is underway.
00:25What they're doing is trying to manage those very high costs in a way which gives as much notice to
00:31Australians as possible.
00:32With the three Middle Eastern carriers, Emirates, Etihad and Qatar out of action, rivals are looking to fill the breach.
00:39There is some uncertainty still about flying through the Middle East.
00:43Qantas has pulled aircraft out of the US and right across Asia, similar moves are afoot.
00:49China's three big carriers have shifted aircraft off their Australian routes
00:53to cater to Asian travellers heading to Europe.
00:56Australians hunting for discounts will need to be quick.
01:00Although they've dropped capacity out of Australia, there's still some good fares in the next few months.
01:07Jet fuel has risen more than 150% since the war started, partly because oil prices have soared,
01:13but mostly because of the five-fold increase in refining costs.
01:18Virgin is facing a $30 million to $40 million blowout in fuel prices in the second half of this year.
01:24Qantas, a much bigger operation, is staring at an $800 million fuel price hike by the end of June.
01:31The cost of jet fuel is way up around the world, just as the cost of diesel is way up,
01:34and that's impacting on airline operations around the world.
01:39So far, both airlines have limited the pain for travellers by locking in cheap fuel prices before the war began.
01:46But those arrangements are expected to end soon, and without a quick resolution of this conflict,
01:51travel costs are expected to soar.
01:54Almost certain is more turbulence in the months ahead.
01:57A few minutes are expected.
01:58A few minutes are expected.
01:58A few minutes are expected to enter in China.
01:58If you want to make sure the cost of the Doctor would be 190.
01:59The power of the Force is much bigger than what this happened.
01:59You can see in China.
01:59And you can see in China.
01:59We conduct the sort of physical activity of the world,
01:59you can see in China.
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