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Despite the possibility of increased demand for flights into the region, Caribbean Tourism Organization chairman Ian Goodhill-Edghill is warning that the current spike in jet fuel prices could seriously impact tourism. Jet fuel prices across the globe have surged due to the US/Israel-Iran conflict, doubling airlines’ fuel bills and forcing them to increase ticket prices, cut routes and capacity, and introduce fuel surcharges in some instances.
Regional airlines have not been spared; Sint Maarten-based Winair is reportedly weighing the introduction of a fuel surcharge after its fuel bill almost doubled from US$550,000 in February to nearly US$900,000 in March. Local carrier Caribbean Airlines introduced a US$15 to US$25 surcharge per sector on April 10.
Describing the situation as “challenging”, Goodhill-Edghill told Guardian Media that, despite it being early days, the organisation continues to monitor developments. He said, “We don’t have enough information at this point, because you would appreciate that there are customers who would have booked, so they’re in the forward booking sphere. We have to monitor the forward bookings as a region, and certainly Barbados is doing that, to see what knock-on impact, if any, it’s likely to have.”
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