As the ongoing conflict in the Middle East continues to drive oil prices above $100 a barrel, airlines around the world are responding with significant fare hikes. Experts warn that airfares could rise by more than 10% as jet fuel costs surge, potentially leading to an additional $24 billion in expenses for U.S. carriers alone. Major airlines, including Qantas and Air India, have begun imposing fuel surcharges and adjusting their pricing strategies. Travelers planning summer trips are advised to book now, as the pressures from rising fuel costs and geopolitical instability are expected to make air travel increasingly expensive. Amid these challenges, airlines are also reassessing their growth plans and considering hedging strategies to manage fuel expenses. For many travelers, the soaring cost of airfare may soon become a significant burden.