Ticket Prices Rise 14% Due to Increased Fuel Costs After Middle East Conflict
Portafolio Journalist 03/20/2026 10:37 Updated: 03/20/2026 10:37
TL;DR
- Domestic flight ticket prices in Colombia increased by an average of 14% in recent days.
- The price hike is attributed to the conflict in the Middle East and the closure of the Strait of Hormuz, affecting global energy supply.
- Fuel costs constitute about one-third of airfare prices, making them sensitive to geopolitical events.
- Prior to the increase, ticket prices were showing a downward trend.
- Several airlines, including Avianca, Wingo, Copa Airlines, Latam, Clic, and Satena, increased their fares, while JetSMART maintained stability.
- International airlines are also adjusting fares, with some implementing temporary additional charges for fuel cost increases.