Accelerated refinery closures over the past decade and increased dependence on kerosene from the Middle East have once again exposed the vulnerability of Europe’s energy supply. For years, European consumers have had to deal with last-minute strikes by ground staff and cabin crew during the peak summer travel season. This year, the strikes may be…
Rising jet fuel prices have hit the profitability of airlines, which have begun raising airfares and suspending flights to contain the fallout from the war with Iran, which has more than doubled jet fuel prices over the past month. Supplies of oil and jet fuel are limited because crude oil and petroleum products are trapped…
Jet fuel prices are rising as the war in the Middle East disrupts global oil supplies, putting pressure on airline costs as the busy summer travel season approaches. Experts say it’s not a question of if airfares will rise, but when, for how long and by how much. The impact may be felt most on…
