Topic
fuel costs
24 stories related to this topic, newest first.
rediff.comfinance13 days ago
British Airways Chief Executive Says Higher Jet Fuel Prices Will Raise Airfares
British Airways chief executive Sean Doyle stated that sustained high fuel costs will require the airline to increase ticket prices. Jet fuel now costs $1,710 per metric tonne, more than double last year's price. The Strait of Hormuz, which supplies about 40 percent of Europe's j…
jurist.orgworld18 days ago
Pentagon reports higher fuel costs and training cuts
The Defense Department has recorded a nearly 27 percent rise in average fuel prices since October. The Army has reduced training programs and flight hours to address a multi-billion-dollar shortfall through September.
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uctoday.comworld19 days ago
American Airlines to Suspend Six Domestic Routes in Late 2026 Citing High Fuel Costs
The airline will end nonstop service on four routes from Los Angeles International Airport and two from Charlotte, citing higher fuel costs. The routes carried more than 1.4 million round-trip passengers last year.
rnz.co.nzpolitics22 days ago
Department for Transport barred rail firms from hedging diesel costs
Industry sources say the Department for Transport blocked train operators from locking in lower diesel prices before costs rose. The department called the claims misleading and said no formal hedging requests were received in two years.
upi.comworld26 days ago
U.S. lawmakers examine higher aviation fuel costs for fiscal 2027 defense bill
Lawmakers are reviewing the impact of increased fuel prices on military aviation budgets ahead of the fiscal 2027 National Defense Authorization Act. The discussion occurred during a Senate hearing on the Department of Defense posture.
finance31 days ago
Rising Fuel and Bait Costs Reduce Profits for Global Fishermen
Fishermen worldwide are facing higher expenses for fuel and bait. Maine lobster operators report uncertainty about this summer's catch and prices.
foxbusiness.comfinance31 days ago
Walmart Reports Slower Profit Growth Due to Higher Fuel Costs
Walmart said it absorbed higher fuel costs linked to the Iran war rather than passing them on to customers. The U.S. retail giant reported slower profit growth in its latest results.
rte.iefinance31 days ago
EasyJet Reports Lower Summer Bookings
EasyJet said summer holiday bookings are behind last year's levels as the Middle East conflict affects consumer confidence. The airline reported a £25 million increase in jet fuel costs in March and a £552 million pre-tax loss for the six months to 31 March.
dnaindia.compolitics32 days ago
Government Pauses Fuel Duty Increase Plans
Officials announced a pause in planned fuel duty increases. The decision follows a review of current economic conditions.
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rte.ieworld33 days ago
European Airlines Call on EU to Review Passenger Compensation Rules
Executives from 35 smaller European airlines sent a letter to EU officials on Tuesday asking for a pause in planned changes to passenger compensation rules. They cited a near doubling of jet fuel costs linked to the conflict in Iran and said thin profit margins on regional routes…
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marketwatch.comfinance42 days ago
Frontier Adds Capacity at Airports Where Spirit Had Large Presence
Frontier Group Holdings Inc. has added 3 million seats to its schedule between June and September following the shutdown of Spirit Airlines on May 2. The additions target airports including Orlando, Las Vegas and Dallas-Fort Worth. Most other U.S. carriers are reducing or holding…
GB Newsfinance44 days ago
British Airways Says Airlines Will Raise Fares Due to Higher Fuel Costs From Iran Conflict
The chief executive of British Airways said all airlines will need to increase fares to offset rising jet fuel prices caused by the closure of the Strait of Hormuz during the Iran war. Jet fuel makes up a quarter of British Airways' costs. The company reported it is managing the…
Los Angeles Timesworld44 days ago
Shipping Fuel Costs Rise Sharply at Los Angeles and Long Beach Ports
The cost of marine fuel at the ports of Los Angeles and Long Beach is nearly 20 percent higher than at other major ports worldwide and has risen faster since the war in Iran began. Shipping companies are adding fuel surcharges, slowing vessel speeds and passing higher costs to cu…
Inside Climate Newsworld49 days agoUpdated
US Average Gas Price Rises to $4.43 per Gallon
Average U.S. gas prices have surged to $4.43 per gallon, marking a 61% increase since December, driven by the war in Iran that began on February 28. This rise is expected to cost Americans about $90 billion more annually at the pump compared to prices at $3 per gallon.
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Bloombergfinance54 days ago
Australia's Inflation Stays Above RBA Target Amid Middle East Fuel Disruptions
Australia's inflation stayed above the Reserve Bank's 2-3% target band. Higher fuel costs from Middle East supply disruptions compounded existing price pressures. This keeps policymakers on a path toward tightening measures.
slate.comworld58 days ago
Over 70% of Americans Report Difficulty Affording Food, Housing, and Healthcare
A recent report indicates that more than 70% of Americans face challenges in paying for essential needs like food, housing, and healthcare. Food prices have increased nearly 20% since 2022, while diesel prices have risen over 50% due to the Iran conflict. These factors contribute…
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citizen.co.zaworld58 days ago
U.S. Airline Ticket Prices Increase 15-20% Amid Jet Fuel Cost Surge Following U.S.-Israel Strikes on Iran
Airline ticket prices have increased due to higher oil and jet fuel costs following the U.S. and Israel attack on Iran. Domestic fares are up 18% from last year, with international flights rising by $115 on average. Industry experts advise booking summer travel soon as prices are…
rnz.co.nzworld59 days ago
Sant Jordi Festival Rose Prices Hit Post-Pandemic Highs Due to Higher Fuel Costs from Iran War
Rose prices for Catalonia's Sant Jordi festival have hit their highest levels since the COVID-19 pandemic. The increase stems from elevated fuel costs on flights carrying flowers from Ecuador and Colombia, driven by the Iran war. Roses remain central to the festival's traditions.
BBC Newsfinance56 days ago
Airlines Cut Flights and Raise Prices Amid High Fuel Costs From Iran War
Rising jet fuel prices due to the Iran War have prompted airlines to cancel flights, reduce capacity, and increase fares. Budget carriers are seeking a $2.5 billion U.S. government rescue package, while major airlines like Southwest report impacts on earnings. The closure of the…
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Substrate placeholder — needs reviewfinance60 days ago
Southwest Airlines Reports Quarterly Profit as Revenue Falls Slightly Short of Expectations
Southwest Airlines disclosed adjusted quarterly profit and revenue that missed analyst forecasts. The U.S. carrier cited higher fuel costs as a key factor. This aligns with challenges faced by other airlines in the sector.
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Substrate placeholder — needs reviewbusiness69 days ago
Australian Airline Raises Fares and Cuts Domestic Flights Amid Middle East Conflict
An Australian airline has increased fares and reduced domestic flight capacity due to shifts in travel patterns caused by the Middle East conflict. The airline is redirecting resources to meet demand for European routes while facing higher fuel costs from rising oil prices. The e…
news24.compolitics70 days ago
Rising Fuel Costs from Iran Conflict Lead to New Surcharges on Consumers
Increased fuel prices due to the war in Iran are resulting in additional charges for consumers, including online delivery fees and airline baggage costs. Amazon announced a 3.5% fuel and logistics-related surcharge for third-party sellers effective April 17. These measures addres…
Substrate placeholder — needs reviewworld71 days ago
Gas Prices Decrease in Maritime Provinces for First Time Since Late February
Gas prices in the Maritimes fell on Saturday for the first time since late February. Minimum prices dropped by up to 8.4 cents per litre across Nova Scotia, New Brunswick, and Prince Edward Island. The decline occurs amid stalled shipping in the Strait of Hormuz due to the war in…
fortune.comfinance74 days ago
Major Airlines Raise Fees and Fares Amid Surging Jet Fuel Costs from Iran War
Several U.S. and Canadian airlines, including Southwest, Delta, and WestJet, have announced increases in baggage fees, fuel surcharges, and ticket prices due to higher jet fuel costs linked to the war in Iran. Southwest is raising fees by $10 less than a year after ending its 'ba…