Hong Kong flag carrier Cathay Pacific Airways will increase its fuel surcharge for all flights by 34 per cent from April – the second increase in two weeks – citing “considerable pressure” as the war in the Middle East affects oil prices. The airline said on Thursday that considering the scale of recent surges in jet fuel prices, its fuel hedging measures were “insufficient” to mitigate and recover the cost. Fuel accounted for around 30 per cent of its operating costs last year, it said. From...