Lufthansa and Airlines Cut Flights

The German airline group stated that the 'systemic' shortage of fuel has made many previously profitable routes unviable.

WestJet and Air Canada have both hiked baggage fees for the third time in three years, while Air Transat has also reduced its flight schedule.

EU energy commissioner Dan Jorgensen warned that tourists should brace for a 'price crisis' that could last for years.

The aviation industry is facing a 'triple whammy' of higher fuel costs, longer flight paths to avoid conflict zones, and reduced capacity.