Massive $350 Billion Fuel Bill Forces Airlines to Seek New Savings
Airlines are using data, benchmarking and operational improvements to cut fuel consumption as rising energy prices threaten already narrow profit margins
Airlines are using data, benchmarking and operational improvements to cut fuel consumption as rising energy prices threaten already narrow profit margins
ITA Airways becomes the first Italian airline to manage its own jet fuel procurement, boosting efficiency, flexibility, and supply resilience at Rome Fiumicino
Lufthansa Group revenue rose 8% in the second quarter to €11.1 billion, but the surge in jet fuel prices and strike costs led to a sharp drop in operating profit
Starting this summer, Japan Airlines will update fuel surcharges on international flights in response to high energy prices
The UK government says logistics issues at Edinburgh and Glasgow airports have been resolved and confirms airlines are not facing jet fuel shortages
The airline group reports stable fuel supplies at all six European hubs and is preparing for a full summer season with more than 300 destinations worldwide
The company announced a reduction in activity due to airspace restrictions and a spike in jet fuel prices, but promises to continue operating more than 1,200 international flights per month
Amid the escalation in the Middle East and fears of a shortage of jet fuel, the European Union and the European Aviation Safety Authority have issued special guidelines for the aviation industry. Companies have been warned of supply disruptions, received regulatory relief, but are prohibited from imposing retroactive fuel surcharges on passengers
Rising jet fuel prices, airline route cuts, and growing concerns about fuel supplies are creating fresh uncertainty for Europe’s busy summer travel season just as tourism demand reaches record highs
In light of the jet fuel crisis, the French Minister of Transport announced that the government is promoting regulatory relief and financial support for airlines facing operational and economic challenges ahead of the summer season, while protecting passenger rights