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Keywords: Fuel costs
Korean Air reported a sharp decline in second-quarter operating profit as higher fuel costs weighed on earnings, even as the airline posted its highest-ever revenue for a second quarter thanks to robust passenger demand and a booming cargo business. The South Korean flag carrier said strong inbound......
The European Central Bank (ECB) is once again confronting mounting inflationary pressures as renewed hostilities between the United States and Iran drive energy prices higher, complicating the eurozone's monetary policy outlook. Speaking on Friday, Yannis Stournaras, a member of the ECB's Governing......
India’s retail inflation increased to 3.93% year-on-year in May, compared to 3.48% in April, according to official government data released on Friday. The rise was mainly driven by higher prices in food and fuel categories, which continue to put pressure on household budgets. The latest figures......
LATAM Airlines Brasil is expected to moderate its expansion plans in the coming months as rising fuel costs continue to impact the aviation sector. The airline announced that it will reduce its planned flight capacity for July by approximately 3% compared with its original projections, reflecting efforts......
The collapse of Spirit Airlines has temporarily pushed airfares higher in certain U.S. markets, giving competing budget airlines more room to increase prices. However, industry analysts say the long-term challenges facing the low-cost airline model remain unresolved. The Florida-based carrier ceased......
Norwegian Cruise Line Holdings has lowered its annual profit forecast, citing increasing operational challenges linked to rising fuel prices and weaker travel demand. The company operates major cruise services worldwide and is currently facing pressure from global economic and geopolitical conditions. Impact......
Inflation accelerated again in April, reaching 2.2% year-on-year, according to preliminary estimates published by the national statistics institute. This increase marks a sharp rise compared to the 0.3% recorded in January, reflecting renewed pressure on prices in recent months. The surge is largely......
International Airlines Group said it will increase ticket prices to offset a sharp rise in jet fuel costs linked to the ongoing Middle East conflict, marking a shift from its earlier position that fares would remain stable. The group, which owns British Airways, Iberia and Aer Lingus, stated that while......
Gas prices in the United States could remain above $3 per gallon well into next year, according to Energy Secretary Chris Wright, who pointed to ongoing geopolitical tensions and market uncertainty as key factors influencing fuel costs. Speaking in a televised interview, Wright said that while prices......