The global energy crisis has escalated, affecting not just oil prices but also jet fuel, which is crucial for airline operations. Jet fuel prices have more than doubled recently, rising to $195.19 per barrel as of late March, while crude oil prices have softened to $98.83. In India, the average price of aviation turbine fuel (ATF) increased by 9.2% sequentially and 18.2% year-on-year due to the ongoing conflict in West Asia. The Indian government intervened to limit the impact on domestic airlines, capping price increases to 25%, despite global benchmarks suggesting a potential rise of over 100%. Airlines are now passing costs onto consumers through surcharges, which add approximately ₹275 to ₹950 to domestic fares. Additionally, airspace closures are forcing airlines to take longer routes, further increasing operational costs. The International Energy Agency has raised concerns about the sustainability of jet fuel supplies in Europe, indicating that airlines may have to make deeper operational changes if disruptions continue beyond mid-2023. The situation is precarious, with potential impacts on passenger traffic growth and overall airline profitability.