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Rising Jet Fuel And Ticket Prices Could Disrupt Summer Air Travel
Rising Jet Fuel And Ticket Prices Could Disrupt Summer Air Travel
Submitted by Tsvetana Paraskova of OilPrice.com
Summer travel could be disrupted for millions of airline passengers as airlines pass on higher jet fuel prices onto air fares and cancel unprofitable routes, according to the global association Airports Council International.
The surge in jet fuel prices as a result of the Middle East crisis leads to higher air fares. Passengers should be prepared for higher ticket prices for longer, Stefano Baronci, the Airports Council International’s director general of Asia Pacific and Middle...
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Trump Escalates Tariffs On EU Vehicles To 25%, Accusing Bloc Of Trade Deal Violations
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President Donald Trump announced Friday that the United States will raise tariffs on cars and trucks imported from the European Union to 25% starting next week, citing the EU’s failure to comply with a 2025 bilateral trade framework.
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