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Airlines Globally Adjust Operations and Strategies Amid Surging Fuel Costs and Middle East Tensions
BusinessBBCchannel-news-asia5mo ago2 sources

Airlines Globally Adjust Operations and Strategies Amid Surging Fuel Costs and Middle East Tensions

Budget airlines worldwide, including Vietnamese carriers, are cutting international flights due to surging fuel costs and disrupted air traffic from Middle East tensions. Meanwhile, some airlines like Lufthansa are foregoing kerosene price hedging, hoping for a swift end to the Iran war, while Philippine transport workers strike over high fuel costs.

Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility
BusinessReutersBBCbloomberg+64NYTwsjFTThe GuardianAl JazeeraFox Newsyle-uutisetcnbc+56 more5mo ago67 sources

Middle East Conflict Fuels Global Energy Crisis, Inflation, and Market Volatility

The Middle East conflict continues to drive global economic concerns, with Europe bracing for a supply crunch and price shock, Euro zone consumers turning gloomier, and developing Asia and Pacific facing potential inflation hikes. European shares and global stocks and bonds have slid as the crisis pushes oil prices above $105, exacerbating a war-fuelled energy crisis felt across various sectors and regions.