Fyi. This question has been on my mind, and the article may help you make decisions. The flights I was looking at before the strikes on Iran are now @$200 more per ticket.
This might temper the rate increases a little bit:
US travel to Europe in January 2026 is showing signs of a decline
compared to previous, post-pandemic highs, with bookings from the US
to Europe down 7.3% between October 2025 and January 2026.
Oh? Ok.
"Jet fuel has nearly doubled in price. Plane tickets will soon follow"
But maybe the NYT article covered that. Don't read the NYT.
Remember fuel surcharges in the past? That's where the fare increase will be. Even on fares purchased with points, the surcharge will need to be paid in cash.