Airlines cut 13,000 flights in May as jet fuel prices soar

Airlines have removed nearly two million seats from flights over the month, data from Cirium shows.

Lufthansa flags €1.7bn hit from rising jet fuel prices

Airline expects to offset costs by raising fares, cutting flights and bringing forward restructuring measures

Airlines and companies using fuel surcharges to cover surge in costs, UK survey shows

Firms raising prices at fastest rate in three years, driven by soaring energy and wage bills but also extra cost of metals and plastics Business live – latest updates Oil prices fall as Trump hails ‘progress’ on Iran deal Airlines and other companies are increasingly using fuel surcharges to cover soaring costs, a survey has found, in a further sign of Iran war-linked inflation hitting the economy. A poll of companies in the services sector, which includes airlines, found rising fuel price...

By Alex Daniel

Airlines hike fares, cut millions of seats as Iran war drives up fuel costs

Surging jet fuel prices are prompting carriers to slash their flight schedules, casting a cloud over summer travel rush.

Lufthansa faces nearly $2 billion in extra fuel costs amid Middle East conflict

Germany's largest airline, Lufthansa, is taking on additional fuel costs as the Middle East conflict poses 'enormous challenges.'

Iran War: How the jet fuel shortage affects air travel

Jet fuel supply could become a problem for the aviation industry. Passengers should expect disruption beyond higher prices.

Airlines axe 120 UK flights in May amid concern over jet fuel shortages

This represents 0.53% of all flights.

By Neil Lancefield

US petrol prices rise by 50% since Iran war over spike in global crude oil rates

Israel to supply Germany with jet fuel amid shortages caused by Iran war

Foreign Minister Gideon Sa'ar informed Germany's Economic Affairs and Energy Minister of the decision during his recent trip to Berlin.

Famagusta tourism sector on edge over flight cut fears

Tourism stakeholders in Famagusta district are raising serious concerns as fears grow over potential flight cuts to Cyprus driven by surging fuel costs and ongoing geopolitical tensions. According to a report by Politis, the situation has already begun to affect the region, although cancellations so far remain limited and have not yet caused major disruption. […]

UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount

UK Faces Summer Flight Disruptions As Jet Fuel Risks Mount Via City AM, Ministers are expected to warn Britons that flight cancellations could disrupt summer holiday plans. Allianz Trade research says the UK is especially exposed to jet fuel shortages because of import dependence. Airlines are weighing cancellations, surcharges, and ticket price adjustments as fuel supply risks rise. Ministers are set to warn the British public that flight cancellations will hit summer holida...

By Tyler Durden

Airlines cut 13,000 flights in May as jet fuel prices soar

Airlines have cut 13,000 flights globally in May as jet fuel prices soar due to the conflict in the Middle East.

By Emmanuel Tetteh

Icelandair to Cut Autumn Flights Amid Rising Fuel Costs

Icelandair has announced plans to reduce its flight capacity by around five percent this autumn as the airline responds to increased fuel costs and ongoing financial pressures. As reported by Vísir, Chief Executive Bogi Nils Bogason said the airline is now preparing further adjustments to its schedule. What’s the Story? Around 5% reduction in Icelandair… The post Icelandair to Cut Autumn Flights Amid Rising Fuel Costs appeared first on Iceland Review.

By Michael Chapman