Global jet fuel prices have jumped more than 70 percent since the start of the war, pressuring airlines in Europe, the largest consumers of jet fuel shipped through the Strait of Hormuz.
Category: Airlines and Airplanes
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Lufthansa Cuts 20,000 Flights to Save Fuel Amid Iran War Price Surge
The New York Times – Business: -
Trump Dismisses a Merger While Seeking Suitors for Spirit Airlines
The New York Times – Business:As he rejected the idea of a merger of United Airlines and American Airlines, President Trump said someone, including possibly the federal government, should buy or help Spirit.
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Baggage Fees Are Up. Here’s How to Avoid Them.
The New York Times – Business:Airline passengers are feeling the pain in rising fees, as the war in Iran weighs on the price of jet fuel. Loyalty programs and certain credit cards can help ease the burden.
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American Airlines Says It Won’t Merge With United
The New York Times – Business:American issued the statement after news reports that United Airlines’ chief executive had discussed the idea with the Trump administration.
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European Airlines Face Fuel Shortages Within Weeks
The New York Times – Business:If tankers do not soon begin crossing the Strait of Hormuz, airlines in Europe may not have enough jet fuel to operate all of their flights.
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European Airports Warn of Jet Fuel Shortages if Strait of Hormuz Remains Shut
The New York Times – Business:An association of airports told European Union officials that fuel shipments through the Strait of Hormuz had to restart within three weeks to avoid a “systemic” shortage.
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How Airlines Turned First-Class Seats From Freebies to a Profit Engine
The New York Times – Business:Airlines used to give away most of their nicest seats, but they have increasingly found ways to persuade people to pay a lot for them.
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Delta Expects Strong Profit Despite Higher Fuel Costs
The New York Times – Business:The airline said demand for tickets remained very strong despite the effects of the war in Iran.
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Delta, WestJet and Other Airlines Announce Higher Baggage Fees and Fuel Surcharges
The New York Times – Business:American and Canadian airlines, squeezed by surging fuel costs from the war in Iran, are adding “sticky” new bag fees and surcharges, on top of higher fares.
