MONTREAL — The war in Iran has triggered a reversal in the nearly two-year trend of annual decreases in airfares, with energy shocks from the conflict prompting a year-over-year rise in Canadian ticket prices last month.
Statistics Canada data released Monday shows that fares rose 2.9 per cent compared with March 2025.
The last time the consumer price index notched a year-over-year increase for air travel was June 2024.
March fares also rose nearly five per cent on a month-to-month basis, bucking their typical seasonal trend.
Ballooning jet fuel prices are driving the recent surge, with airlines passing on some of the cost to passengers, said National Bank
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