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Foreign fares up 90% on Iran Air

Sanctions against the country have caused dramatic fuel cost rises.
NEWS, Aviation

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By Ruchi Shroff

Iran Air increased ticket prices on foreign routes by as much as 90%, Bloomberg News has reported. Amid sanction pressures from Western countries, the Iranian government stopped subsidising jet fuel prices, which led to dramatic cost increases for the state-owned carrier.

The price increase was put through on November 22 and combined with a weak rial price, the cost of kerosene per liter increased 83%, the state-run Iranian Students News Agency reportedly said. An economy seat from Tehran to Dubai now costs $498, compared to $310 a few weeks ago.

“Given that the cost of jet fuel in various countries is high, it has been decided that its price will also increase,” Iranian Oil Minister Rostam Qasemi was cited as saying by the state-run Fars news agency.

Sanctions from Western countries against Iran's nuclear programmes have increased the expense of buying jetliner parts as well. Companies like Boeing, Airbus and other suppliers are not allowed to supply parts, which reportedly increased ticket prices as well.

Outside carriers, including Qatar Airways, have increased services to Iran to fill gaps in services where domestic operators are struggling.

 

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