Asia Jet Fuel Prices Reach Five-Year High Amid Robust Demand
Jet fuel prices in Asia have surged to their highest level against gasoil in five years, driven by robust demand for the fuel used for winter heating and aviation. This…
Qantas Anticipates Rising Fuel Costs and Invests in Customer Experience Amid Reputational Challenges
Qantas Airways of Australia announced on Monday that due to rising fuel prices, it anticipates its fuel bill to increase by approximately A$200 million ($128.80 million) in the first half…
Newly Received Iraqi Airways 737 MAX Gets Damaged
The airliner that was just delivered a month ago to Iraqi Airways Boeing 737 MAX 8 incurred severe damage at Baghdad International Airport. The occurrence aircraft Boeing 737 MAX 8…
FAA issues directive to prevent Boeing 777 fuel tank explosions
The United States (US) Federal Aviation Administration (FAA) issued a final rule Airworthiness Directive (AD), addressing a potential scenario where a fault current or a lightning strike could result in…
JAL Announces International Fare Fuel Surcharge for Tickets
Japan Airlines (JAL) has requested approval from Japan`s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to set the level of fuel surcharge on international passenger tickets purchased in Japan…
U.S. jet fuel shortage drives airline costs higher: Kemp
Resurgent passenger aviation following the coronavirus pandemic has created shortages of jet fuel, pushing up airlines’ operating costs and fares. U.S. jet fuel inventories stood at just 36.5 million barrels…
Orlando Airport Could Run Out of Jet Fuel On Sunday
Due to severe weather, Orlando International Airport (MCO) may run out of jet fuel on Sunday. This is because the Central Florida airport was unable to receive a significant fuel…
Wizz Air reintroduces fuel hedging policy amid rising costs
Wizz Air has abandoned a no fuel hedge policy because of surging fuel costs and the ongoing volatility in commodity prices in the wake of Russia’s military operation in Ukraine.…
American Airlines fuel cost warning eclipses upbeat revenue forecast, shares fall
American Airlines Group Inc shares fell 7% on Friday as investors looked past the carrier’s upbeat revenue forecast and instead focused on its warning of a hit from higher fuel…
U.S. East Coast jet fuel costs soar on shortage fears
Jet fuel prices are soaring on the U.S. East Coast, home to some of the world’s busiest airports, with buyers anticipating a growing shortage as supply dwindles amid sanctions on…