Rising global oil prices are putting pressure on the aviation industry, with fuel and energy costs accounting for about 30% of operating expenses. Industry players say escalating tensions linked to the U.S.-Iran war are driving up costs, forcing airlines to absorb some of the increases while passing others on to passengers. The concern is that higher ticket prices could weaken travel demand, adding further pressure to an already cost-sensitive industry. Our economics reporter Innocent Semosa has more …

<p>Rising global oil prices are putting pressure on the aviation industry, with fuel and energy costs accounting for about 30% of operating expenses. Industry players say escalating tensions linked to the U.S.-Iran war are driving up costs, forcing airlines to absorb some of the increases while passing others on to passengers. The concern is that higher ticket prices could weaken travel demand, adding further pressure to an already cost-sensitive industry. Our economics reporter Innocent Semosa has more &hellip;</p>