# Daily content from Financial Times, the world's leading global business publication.

*aerospace · news · 2026-05-07 · Financial Post*

## Key points

- WestJet is gradually raising fares to offset jet fuel costs that have doubled this year.
- Average Canadian domestic airfares are up nearly 20% according to travel search engine KAYAK.
- Since Iran closed the Strait of Hormuz, commodity prices and airline tickets have surged in tandem.
- WestJet has reduced flight frequencies by about four percent for June to September to manage costs.
- Global airlines have cut summer service by 3.6%, eliminating more than nine million seats, per Cirium.

**Companies:** United Airlines Holdings Inc., Air Canada, WestJet Airlines Ltd.
**Countries:** Canada, United States

[Read the full story on Financial Post](https://financialpost.com/transportation/airlines/westjet-hiking-fares-recover-jet-fuel-costs)

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