FILE PHOTO: A view shows Air Astana planes parked at Almaty International Airport, in Almaty, Kazakhstan March 28, 2023. REUTERS/Pavel Mikheyev/File Photo

Asia-Pacific airlines face mounting fuel cost pressures as older hedging contracts expire and carriers weigh new cover following disruptions tied to Iran. Spot jet fuel prices hover near $148 a barrel, remaining well above pre-conflict levels of $85.